Prime Minister Mark Carney says the new entity's focus will include deeply affordable housing, using public land for housing, and helping get projects off the ground.

The residential development industry expressed relief Monday that the federal government’s new housing entity will not get into the business of building homes and instead will partner with developers.

Build Canada Homes (BCH) was introduced earlier this year as a government entity that would “get the federal government back in the business of building homes.”

But with few specifics unveiled at the time, the idea did not sit well with homebuilders, who have been dealing with a significant drop in sales and rise in costs. They were concerned that creating a new federal developer would add another layer of bureaucracy and c

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