Budget 2024 lays out a bold strategy to unlock 3.87 million new homes by 2031. This includes a minimum of 2 million net new homes, on top of 1.87 million homes already expected to be built by 2031. Federal actions will support at least 1.2 million new homes, and the federal government is calling on all orders of government to build at least 800,000 more homes by 2031. The federal government’s plan provides incentives for all orders of government, as well as for private and non-profit sector partners, and will build more homes, make it easier to own or rent a home, and help Canadians who can’t afford a home, too.