Back in 2019, Canada’s federal budget allocated $300 million toward something known as The Housing Supply Challenge. The overarching objective was, and still is, to reduce the barriers to housing supply and affordability, and the approach has been to find solutions through a series of “challenges”. So far, they — they being the CMHC Housing Supply Team — have completed four rounds. And right now, they are on round five. This is the challenge:

Increase the adoption of system-level solutions that transform Canada’s ability to produce more community and market housing.

This fifth round represents $65 million of the $300 million total budget. Meaning that $65 million will be awarded to groups and solutions that have the potential to accomplish the above. The funding will be distributed in three stages. First to 20 foundational solutions ($1 million per solution), then to 10 next-level solutions ($3 million per solution), and finally to 3 game-changing solutions ($5 million per solution).

If you have a solution (i.e. something that can be executed on), I would encourage you to check out their site. And if you’d like to apply, you have until December 18, 2023.