An Update on the Housing Accelerator Fund
Published on July 10, 2025
The Housing Accelerator Fund (HAF) is allocated $4.44 billion over 5 years. Under the HAF, CMHC has committed $4.37 billion in funding towards 230 agreements with sub-national governments. Under these agreements, sub-national governments have agreed to undertake a variety of housing initiatives towards an aggregate target of supplying 112,000 more housing units by 2028 than would have otherwise been created. Very little of the funding allocated under the HAF was spent in its first year. Jurisdictions participating in the HAF issued permits for 31% more units and saw 5% more housing starts than their 2018 to 2023 average. This was both more permits and more starts than non-participating jurisdictions. Changes are not consistent across participating jurisdictions, with increases in the Province of Quebec, Calgary Census Metropolitan Area (CMA) and Edmonton CMA largely offset by decreases in the Toronto CMA and other areas of Ontario. Increases in permits and starts in the Province of Quebec, Calgary and Edmonton likely reflect rezoning initiatives that were already well underway or had received legislative approval prior to the signing of those jurisdiction’s Housing Accelerator Fund Agreements.