With rising costs making it a challenge for many Canadians to find an affordable home, Canada Lands Company is exploring new ways to address the ongoing housing crisis. Following the Budget 2024 announcement, the federal government has committed to unlocking 250,000 new homes by 2031, as part of the Public Lands for Homes Plan. Through this plan, Canada Lands’ Long Term Lease program will expedite the development of over 1,000 housing units to allow housing providers new opportunities to enable much needed housing. 

Alongside Public Services and Procurement Canada, the Canada Mortgage and Housing Corporation (CMHC) and Housing, Infrastructure and Communities Canada, Canada Lands is pleased to continue its collaboration with CMHC’s Federal Lands Initiative (FLI). The FLI initiative is a $316.9 million fund that supports the transfer of surplus federal land to eligible proponents to create new housing and affordable housing opportunities. This fund managed by CMHC enables the transfer or lease to eligible proponents at a discount or no cost for development or renovation towards new affordable housing. As of March 2024, the FLI program has provided over $120 million in financial support, creating 4,000 homes.

Canada Lands Company is making the below five parcels of land immediately available on a long-term nominal value lease basis to housing sector providers to help develop new housing in existing Canada Lands projects. A proposal process was launched on August 25, see below to learn more about the five available parcels.

AVAILABLE PARCELS

INTERESTED IN APPLYING FOR A PROPERTY? 

Proponents interested in submitting an application are invited to visit the CMHC website

PUBLIC LAND BANK

In order for Canadians to obtain information about current and future housing opportunities available on other federal properties, the government has launched a new Public Land Bank mapping tool that helps the public and builders easily identify available land to expedite new housing. 

The above properties and several other parcels of land within Canada Lands Company’s portfolio have been added to the land bank