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Budget 2024: Unused defence and Canada Post land tapped for housing

Stated goal is to create a supply of 3.87 million new homes by 2031
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New building is a focus of the 2024 federal budget, which announced plans to tap unused federal land to provide sites for new homes. (Photo by Morf Morford)

The federal government is eyeing underutilized Canada Post and National Defence properties as a way to deliver affordability and supply to the country’s housing market.

In its federal budget released Tuesday, it announced plans to free up lands held by both entities in order to build housing at a pace and scale “not seen in generations” and help younger Canadians get into the real estate market.

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