Calgary builds more homes ahead of federal housing funding target
Posted Jul 23, 2025 2:34 pm.
Last Updated Jul 23, 2025 7:02 pm.
Calgary has surpassed its housing growth target under the federal government’s Housing Accelerator Fund more than a year ahead of schedule.
The city aimed to support around 42,000 new homes by October 2026, as per its agreement with the Canada Mortgage and Housing Corporation (CMHC) through the HAF in 2023.
However, it has already helped enable over 44,000 units in just 20 months, enough to house more than 100,000 people.
Calgary received an additional $22.8 million from the CMHC in March to expand housing programs, equivalent to roughly 10 per cent of the initial $228.5 million HAF investment.
The city says the funding will support two initiatives: the Backyard Suites and Accessory Dwellings Program, and the Downtown Complete Community Housing Program.
Within the initiatives, the funds will support three “key milestones,” the development of programs for downtown office-to-residential conversions, offsetting “density bonus” contributions, and new modular housing.
Officials say the initiatives will bring downtown Calgary 1,900 new homes, along with 520 non-market homes, and 200 backyard suites throughout the city.
Funding is also slated to be used for boosting existing programs such as secondary suite incentives and affordable housing land sales.
In a release, the city says it’s on track to meet growth targets for missing middle and non-market units.
