Government launched Build Canada Homes, a new federal agency to build and finance affordable housing at scale. Initial pipeline: 4,000 homes on 6 federal sites (Dartmouth, Longueuil, Ottawa, Toronto, Winnipeg, Edmonton) plus 45,000 non-market homes on 19 Canada Lands Company sites. Policy shifts from stimulating real-estate market to creating affordable supply outside speculative market. However, actual starts declining to ~215k vs 500k target.

Epoch: 114

Domain: housing

Fiscal cost estimate (LLM): $13.00B CAD

Structural estimate (RIPPLE): +$0.00B CAD net (v3-bfs-signed depth=2, decay=0.5/hop; diverges)

Variable changes

• housing_starts_annual: {"new": 215, "old": 245}
• housing_starts_target_gap: {"new": 285, "old": 255}
• non_market_housing_pipeline: {"new": 49000, "old": 2000}