November 7,2024 - Edmonton Alberta - Prairies Economic Development Canada (PrairiesCan)
The Prairies continue to grow. Families are expanding and new neighbours are arriving to pursue opportunities in growing communities with good jobs and a bright future. This population growth has helped fuel opportunity and prosperity across the region, and it has created a strong, diversified, and innovative economy. But the construction of housing has not kept pace with economic growth. Through Canada's Housing Plan, the Government of Canada is unlocking millions of new homes by building more houses, quicker.
Building tomorrow's housing innovations, today
Today, the Honourable Dan Vandal, Minister for PrairiesCan, launched a new initiative that will help change the way homes are built to better meet the demands of our growing country. As Canadians across the Prairies look for solutions to alleviate local housing pressures, the Regional Homebuilding Innovation Initiative will help transform the future of how homes are built. By accelerating innovation and enhancing efficiency, Canadian builders will be able to build more homes faster.
Through the Regional Homebuilding Innovation Initiative, the Government of Canada will invest $50 million over two years, beginning this year, to provide support to the residential home construction sector and its supply chain. Delivered through Canada's Regional Development Agencies, including PrairiesCan, these investments will advance innovative homebuilding solutions and boost manufacturing efficiency and output to improve capacity within the homebuilding sector in the Prairie provinces and across Canada.
Minister Vandal announced that PrairiesCan is now accepting expressions of interest from businesses across the region. Eligible applicants are encouraged to visit PrairiesCan's web site to seek additional information.
This initiative, an important part of Canada's Housing Plan, is helping to build tomorrow's housing solutions today. The Government of Canada is committed to helping businesses innovate and increase productivity in the housing construction sector and its supply chain, while also creating opportunities to build a region and a country we can be proud of, where everyone has a place to call home.
