Habitat for Humanity Canada has issued a new report detailing how its affordable housing creation programs have contributed to the Canadian economy.
According to the organization, Habitat for Humanity Canada invested approximately $306 million in building and renovating homes from 2019 to 2023. As a result of these endeavors, the organization said it made a $241 million economic impact through the construction and supply chain and a $70 million of economic impact created through additional jobs and wages beyond the initial construction and supply chain growth. This resulted in a total economic footprint of $311 million, which generated nearly $40 million in tax revenues.
The organization’s study also pointed to the socioeconomic benefits enjoyed by Canadians who were able to achieve homeownership, noting that 73% of these households reported their physical health is better, 79% reported better mental health and 51% felt more financially secure.
“Homeownership should be within reach for working families—not just the privileged few,” said Pedro Barata, president and CEO of Habitat for Humanity Canada. “We’ve worked with thousands of families to help them become homeowners and have seen firsthand how transformational it can be. For families locked out of Canada’s expensive housing market, affordable homeownership is a launchpad—it builds stronger households through social and financial gain, creates brighter futures for kids, and creates a more resilient economy.”
