Housing and household costs
Rules changed, but permits fell behind the plan.
Housing Accelerator Fund
Rules changed, but permits fell behind the plan.
CMHC's second annual review recorded 571 permitted homes against 786 expected by that stage. Six of seven planned policy changes were complete. Changing the rules is useful, but people still need the homes to be built.
CMHC review · February 23, 2026
of 786 expected by this review
215 below the interim forecast · 73% of the expected progress
- Full three-year permit target
- 1,277 45% reached at this review
- Federal funding received
- $7,815,744 of $10,420,992 approved
- Reform initiatives complete
- 6 of 7 Land strategy still in progress
Program reporting periods differ from calendar-year permit totals. Funding received is not the same as money spent, and permits are not completed homes.
Share this chart
Sources & methods
CMHC second annual review, February 23, 2026, pages 1 to 6
The 1,277 target includes a 995-home baseline plus 282 additional homes expected through HAF. Three advances of $2,605,248.08 total $7,815,744.24, against $10,420,992.30 approved. This is a receipt calculation, not a spending audit. The affordable-housing category reports 0 against a 209 target; that does not mean no affordable homes exist or were built citywide.
The useful next test is completed and occupied homes, their rents and prices, and a reconciliation of HAF spending to results.