Build Canada Homes to finance deep affordability, transitional and supportive housing in New Brunswick

Build Canada Homes has announced a partnership with the Province of New Brunswick to deliver at least 1,200 affordable homes, with a particular focus on deeply affordable housing and funding for transitional and supportive housing. 

“At least half of all homes will serve lower-income Canadians,” the announcement from Mar. 20 reads. The province’s community housing sector has welcomed the news. 

Both the federal department and the provincial government intend to contribute up to $150 million each for the development of this housing, with potential additional investment from municipal, private and philanthropic sources. 

It is hoped that the additional financing can scale the project up to delivering 1,500 homes. 

A report released in 2025 showed that there had been a 210 per cent increase in homelessness across New Brunswick between 2021 and last year, caused by spikes in rent prices and nearly half of all employees earning less than a living wage.