Government tables bill giving Build Canada Homes land acquisition power
Agency would become Crown corporation if legislation passes
- The legislation formally establishes the agency as a full Crown corporation, giving it more independence and operational authority.
- It will absorb the Canada Lands Company, which currently redevelops federal properties.
- The agency gains land acquisition authority, meaning it can:
- Buy land on the open market
- Assemble parcels for large-scale housing projects
- Redevelop federal land more quickly