Discussion · Government Orders
Randeep Sarai Liberal
“This bill gives the new Crown corporation 13 billion dollars and strong powers to build homes faster. It can use pre-approved building designs and factory-made parts to try new ways of building that private companies will not.”
“Mr. Speaker, that is a great question, and I apologize for not being able to answer in French. I think it gives, first, the financial tools. There is $13 billion seeded in it, so it has a lot of financial capability. It has the necessary vehicles, whether that is using CMHC or its own funding, the new building code with pre-approved designs, and encouraging modular design and working with modular providers. These are the types of tools that give it the assets and capabilities to move much more quickly and much more efficiently, and also to innovate in the industry in a time when sometimes the private sector is a little hesitant to do that. That is the ability it has, and as a Crown corporation, it would have more power than a special body.”
Mr. Speaker, that is a great question, and I apologize for not being able to answer in French. I think it gives, first, the financial tools. There is $13 billion seeded in it, so it has a lot of financial capability. It has the necessary vehicles, whether that is using CMHC or its own funding, the new building code with pre-approved designs, and encouraging modular design and working with modular providers. These are the types of tools that give it the assets and capabilities to move much more quickly and much more efficiently, and also to innovate in the industry in a time when sometimes the private sector is a little hesitant to do that. That is the ability it has, and as a Crown corporation, it would have more power than a special body.