- Canada and Alberta have forged a new infrastructure partnership to invest over $510 million in local infrastructure aimed at accelerating homebuilding.
- This investment is part of a broader goal to support and build 25,000 additional affordable homes across Alberta by 2031.
- Prime Minister Mark Carney is visiting Red Deer to announce these new measures and will tour a housing site.
- Alberta will contribute a minimum of one-third of eligible project costs for projects led by municipal governments.
- At least $100 million of the funding will be directed to projects in rural and Indigenous communities.
- The Canada Housing Infrastructure Fund (CHIF) supports the construction and upgrading of core public infrastructure that enables housing growth.
- The federal government is investing a total of $3.65 billion across all CHIF agreements, supporting an average of 2,100 jobs over 10 years.
Canada and Alberta are partnering to invest over $510 million in infrastructure aimed at accelerating homebuilding and supporting the construction of 25,000 affordable homes by 2031. This initiative is part of a broader strategy to address housing shortages and improve living conditions across the province.12
The funding will be allocated over the next eight years, with Alberta contributing a minimum of one-third of eligible project costs for municipal-led initiatives. At least $100 million of the investment will specifically target projects in rural and Indigenous communities, ensuring that these areas also benefit from the housing development efforts.45
The Canada Housing Infrastructure Fund (CHIF) plays a crucial role in this investment, focusing on the construction and upgrading of core public infrastructure that facilitates housing growth and densification in communities across Canada. Across all CHIF agreements, the federal government is committing a total of $3.65 billion in local infrastructure, which is expected to support an average of 2,100 jobs over 10 years, including 750 in Alberta.67
Prime Minister Mark Carney and Alberta Premier Danielle Smith are expected to announce these measures during a visit to Red Deer, where they will tour a housing site and discuss further details with reporters. This investment reflects a significant step towards addressing the pressing need for affordable housing in Alberta and enhancing the province's infrastructure capabilities.3
“The partnership will see Alberta contribute at least one-third of eligible project costs for municipal-led projects, with a focus on rural and Indigenous communities. Additionally, the Canada Housing Infrastructure Fund will invest a total of $3.65 billion across the country, supporting an average of 2,100 jobs over the next decade.”
