The Government of Canada today announced that Bill C‑20, the Build Canada Homes Act, has received Royal Assent, marking an important milestone in the Government’s plan to build more homes, faster and help make housing more affordable for Canadians.

The Build Canada Homes Act sets out the legislative framework to establish Build Canada Homes as a Crown corporation, strengthening its capacity to scale up housing delivery and work in partnership with provinces, territories, municipalities, Indigenous partners and the private and non-profit sectors.

Royal Assent represents a key step in a phased transition. Further steps, including orders in council, governance implementation and leadership appointments, are required before Build Canada Homes becomes fully operational as a Crown corporation later this year.