The Canadian government announced the launch of the Canada Public Land Bank, which features 56 federal properties identified as being able to support housing.
Among the properties within the new entity are five sites that now intended for leasing and ready for builders to submit their plans. This new list is expected to grow regularly in the coming months.
Canada Lands Company, in partnership with Canada Mortgage and Housing Corporation, has launched a call for proposals from housing providers to access some of the Canada Public Land Bank properties available in Toronto, Edmonton, Calgary, Ottawa and Montreal on a long-term leasing basis at a discounted value. The detailed proposal information can be accessed through links directly in the property listings in the land bank.
“Available, accessible and affordable housing options are scarce, and too many people do not have a safe place to call home,” said Jean-Yves Duclos, minister of public services and procurement. “We need to do things differently and work in partnership to build more homes, faster. We are leading a Team Canada effort to unlock public lands for housing at a pace and scale not seen in generations, thus leveraging these properties to build strong communities and more affordable housing for the benefit of all Canadians.”
“We need to build more homes in Canada, and one of the largest costs in building is land,” added Sean Fraser, minister of housing, infrastructure and communities. “By building on public lands, we can make it easier to build, and by leasing those same properties, we can make sure the homes built stay affordable for the long term.”
;
