Canada announces the groundbreaking of new homes in Hamilton

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HAMILTON, ON, Aug. 31, 2026 /CNW/ -- Far too many Canadians are struggling to find homes they can afford. Solving Canada's housing crisis requires immediate action to bring down costs, cut red tape, and build homes more quickly. The Government of Canada is stepping up with a bold new approach to build affordable housing across the country. We are focused on building great neighbourhoods that Canadians want to, and can afford to live in.

Central to that work, the Government of Canada has launched Build Canada Homes, which is helping increase the pace of affordable homebuilding. Build Canada Homes is also helping fight homelessness by building transitional and supportive housing – working with provinces, territories, municipalities, and Indigenous communities. It is building deeply affordable and community housing for low-income households, and partnering with private market developers to build affordable homes for the Canadian middle class.

As part of the Government of Canada's broader efforts to respond to the housing crisis, investments are being made across the housing continuum to respond to the needs of communities across Canada.

Today, the federal government announced over $31.8 million in funding to help build 107 secure, rental homes in Hamilton through the Affordable Housing Fund. Located at 525 Stone Church Road East, the project will deliver an eight-storey building with mix of four bachelor units, 84 one-bedroom units, and 19 two-bedroom units. Offering a mix of market-rate and rent-geared-to-income (RGI) homes, the development will help increase housing choice and affordability in the community.

The announcement was made by Lisa Hepfner, Member of Parliament for Hamilton Mountain, on behalf of the Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada alongside Andrea Horwath, Mayor of Hamilton.   

The Government of Canada is making the housing investments that will help strengthen Canadian supply chains and create good jobs at every step of the homebuilding process – helping to build more homes and a stronger Canadian economy at the same time.

Quotes:

"Our Government is committed to helping communities develop local solutions to housing need. This project will provide more safe, affordable homes for the residents of Hamilton. It's also another step forward in building an economy that serves everyone." – The Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada

"Our Government is investing in affordable housing here in Hamilton and across Canada. Supporting 525 Stone Church Road project, through the Affordable Housing Fund, is one of the ways we do that. I'm proud of our involvement in this project, and of the tangible difference it will make in our community." – Lisa Hepfner, Member of Parliament for Hamilton Mountain

"We need more homes in Hamilton, and we need housing that people can afford. These 107 new rental homes, including rent-geared-to-income options, will make a real difference for Hamiltonians looking for a place to call home. This is what partnership looks like - working with the federal government and housing providers like Victoria Park Homes, to increase supply and build the range of housing our growing city needs" – Andrea Horwath, Mayor of Hamilton

"Victoria Park Community Homes continues to advance, protect and grow the affordable housing sector and with these additional, affordable housing units, residents will have a safe place that they can call home." – Lori-Anne Gagne Chief Executive Officer, Victoria Park Community Homes

Quick Facts:

• The Affordable Housing Fund (AHF) provided funding through low-interest and/or forgivable loans or contributions to partnered organizations for new affordable housing and the renovation and repair of existing, affordable and community housing. This was a $16.1 billion program under the National Housing Strategy (NHS) that gave priority to projects that help people who need it most, including women and children fleeing family violence, seniors, Indigenous Peoples, people living with disabilities, those with mental health or addiction issues, Veterans, and young adults. The application portal for AHF is now closed as all funding has been committed.
  • As of March 2026, the Government of Canada has committed $15.83 billion to support the creation of over 61,700 units and the repair of over 174,700 units through the Affordable Housing Fund.
  • On September 19, 2025, the Government of Canada announced $1.5 billion top-up in loans for the AHF's New Construction Stream, to support the creation of over 5,000 new units starting in 2025-26. Additionally, the AHF's Rapid Housing Sub-Stream will be accelerated, by pulling $385 million in funding from future years. 
• Funding provided for 525 Stone Church is as follows:
  • $31.8 million from the federal government, through the Affordable Housing Fund
  • $29,100 from CMHC' SEED Funding
  • The City is contributing $2,500,000 in capital funding to this project with funds allocated from the Affordable Housing Fund through Affordable Housing Development Project Stream program.

Additional Information:

• Visit canada.ca/housing for the most-requested Government of Canada housing information. 
• Build Canada Homes is ready to partner with organizations committed to increasing the supply of affordable housing across Canada. Learn more about the portal and the Investment Policy Framework.
• Canada Mortgage and Housing Corporation (CMHC) is a federal Crown corporation and the foundation of Canada's housing system. For over 80 years, CMHC has supported the functioning of housing markets across the country through housing finance solutions -- including mortgage loan insurance and securitization -- while providing trusted, unbiased data, research and market intelligence to inform policy and decision making. Through its national presence, deep expertise in housing economics and finance, and a system-wide perspective, CMHC helps foster a more stable, well-functioning housing market that supports households, communities and the broader economy.
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SOURCE Canada Mortgage and Housing Corporation (CMHC)

Contacts: Arianna Durgerian, Office of the Minister of Housing and Infrastructure, [email protected]; Media Relations, Canada Mortgage and Housing Corporation, [email protected]