Feds unlock surplus properties to create 2,800 new homes
The developments will be in Alberta, Newfoundland and Labrador, and Ontario.
Key Takeaways:
- The developments will be delivered by Canada Lands Company.
- More than half the new homes will be in Ottawa.
- Canada Lands Company is also announcing a new minimum affordable housing target of 20% across projects in its pipeline.
The Whole Story:
Federal properties will soon find a new purpose as homes.
Ottawa announced that six surplus federal properties will be developed into more than 2,800 new homes in Calgary, Edmonton, and St. John’s, Newfoundland and Labrador and Ottawa.
By March 2024, Canada Lands Company will help deliver the following surplus federal properties to build more homes for Canadians:
- Calgary: 516 homes at Currie
- Edmonton: 711 homes, at the Village at Griesbach, including 93 affordable homes
- St. John’s: 34 homes at Pleasantville
- Ottawa: 307 homes at Wateridge Village, 600 homes at Carling Avenue, and 710 homes on Booth Street, including 221 affordable homes
With today’s announcement, Canada Lands Company is now on track to support the construction of more than 29,200 new homes over the next six years.
Canada Lands Company is also announcing a new minimum affordable housing target of 20% across projects in its pipeline. The new affordability requirement would apply where a municipal minimum requirement for affordable housing is lower or does not already exist.
As work continues to identify further assets that can be repurposed for housing, the federal government intends to introduce further measures to speed up this process and to identify more opportunities to build more housing.
“Our government is redoubling our efforts in the face of Canada’s housing crisis on several fronts,” said Jean-Yves Duclos, minister of public services and procurement. “We are accelerating and streamlining the process of converting surplus federal properties into housing, and we are continuing to work with Canada Lands Company to enable the construction of additional housing units. Today’s announcement demonstrates our commitment to helping all Canadians have a safe and affordable place to call home.”
