Everything in Budget 2026 that touches housing
I read all 532 pages. Two thirds of the $44.7 billion goes to homelessness, none of it lands this fiscal year, and the changes that matter for buyers and builders are mortgage rules, not cash.
Ottawa tabled Budget 2026 today. I went through all 532 pages, including the tax annex and the draft legislation at the back, and pulled out every line that touches housing. The full list is at the bottom. Here's what matters.
The short version
- The budget books $44.7 billion for housing. $29 billion of it, about two thirds, goes to homelessness programs. Another $13 billion tops up Build Canada Homes.
- None of that new money is booked in 2026-27. It starts in 2027-28, and more than $18 billion is set aside for "future years" past the budget's five-year window.
- The real changes for buyers and builders are mortgage rules. New three- and four-unit homes get insured construction loans at up to 90% with no price cap, and private insurers can cover 5 to 50 unit buildings. Both start February 1, 2027.
- The foreign buyer ban gets two more years, to January 1, 2029. New homes are now exempt.
- No change to the stress test, the FHSA, the Home Buyers' Plan, capital gains on property or the principal residence exemption. Nothing for people renewing their mortgage.
- Rates are going the wrong way. The Bank of Canada hiked to 2.5% on October 28, and the forecasts behind the budget have no relief in them.
- New housing money in the budget, cash basis, including years after 2030-31
- $44.7B
- New housing money in the budget, cash basis, including years after 2030-31. p. 22 of the budget PDF (opens in a new tab)
- Of that new money booked in 2026-27, this fiscal year
- $0
- Of that new money booked in 2026-27, this fiscal year. p. 219 of the budget PDF (opens in a new tab)
- New mortgage insurance rules for 3-plex to 50-unit buildings take effect
- Feb 1, 2027
- New mortgage insurance rules for 3-plex to 50-unit buildings take effect. p. 203 of the budget PDF (opens in a new tab)
- Foreign buyer ban on existing homes now runs to this date. New homes exempt
- Jan 1, 2029
- Foreign buyer ban on existing homes now runs to this date. New homes exempt. p. 203 of the budget PDF (opens in a new tab)
Where the money goes
The budget calls it three pillars: end homelessness, expand non-market housing, and build a market that works for everyone. In dollars, it's mostly the first one.
Chart 1
Where the $44.7 billion goes
New housing commitments in Budget 2026, full amount including years after 2030-31. Billions of dollars.
- Build Canada Homes capital top-up$13B
$13B over 10 years from 2028-29 (cash basis)
- Supportive and transitional housing$10B
$3.6B over 4 years from 2027-28, $6.4B later
- Reaching Home + veterans homelessness, 10-year renewal$6.5B
$2.1B over 3 years from 2028-29, $4.4B later
- Canada Housing Benefit, 10-year renewal$5.6B
$1.7B over 3 years from 2028-29, $3.9B later
- Integrated Supports Fund$5B
$1.8B over 4 years from 2027-28, $3.2B later
- Health Infrastructure Fund (mental health, addictions)$2B
$2B over 2 years from 2027-28
- Servicing federal land for housing$1.9B
$1.5B over 4 years from 2027-28, $387.4M later
- Modern construction methods (Strategic Response Fund)$500M
$300M over 3 years from 2028-29, $200M later
- Housing data and construction standards$168.9M
$67.7M over 4 years from 2027-28, $101.2M later
- E-permitting and AI with municipalities (FCM)$100M
$100M over 3 years from 2027-28
- CRA income checks for mortgage lenders$13M
$13M over 3 years from 2027-28
Show the numbers
| Measure | Total | Timing |
|---|---|---|
| Build Canada Homes capital top-up | $13B | $13B over 10 years from 2028-29 (cash basis) |
| Supportive and transitional housing | $10B | $3.6B over 4 years from 2027-28, $6.4B later |
| Reaching Home + veterans homelessness, 10-year renewal | $6.5B | $2.1B over 3 years from 2028-29, $4.4B later |
| Canada Housing Benefit, 10-year renewal | $5.6B | $1.7B over 3 years from 2028-29, $3.9B later |
| Integrated Supports Fund | $5B | $1.8B over 4 years from 2027-28, $3.2B later |
| Health Infrastructure Fund (mental health, addictions) | $2B | $2B over 2 years from 2027-28 |
| Servicing federal land for housing | $1.9B | $1.5B over 4 years from 2027-28, $387.4M later |
| Modern construction methods (Strategic Response Fund) | $500M | $300M over 3 years from 2028-29, $200M later |
| Housing data and construction standards | $168.9M | $67.7M over 4 years from 2027-28, $101.2M later |
| E-permitting and AI with municipalities (FCM) | $100M | $100M over 3 years from 2027-28 |
| CRA income checks for mortgage lenders | $13M | $13M over 3 years from 2027-28 |
The homelessness plan is $11.2 billion over four years starting in 2027-28, plus $17.8 billion after that (p. 198). It pays for supportive and transitional housing, a new Integrated Supports Fund that pairs housing with health and addictions care, and $2 billion for mental health and addictions facilities. It also renews Reaching Home and the Canada Housing Benefit for ten years (p. 199).
The catch is in one sentence. Ottawa pays for the buildings, and provinces "will be expected to fund ongoing operations and wraparound services." Winnipeg goes first, with more than $1 billion in new capital and up to $800 million for 2,000 supportive and transitional units, with Manitoba paying for the services (p. 200). Whether this works comes down to whether the other provinces sign up to pay the running costs. That's where these plans usually stall.
When it arrives
The headline number and the budget's own cost table don't match, and the gap tells you a lot.
Chart 2
Nothing new lands this year
New housing spending booked in the budget's five-year window, by fiscal year. Accrual basis, the way the budget scores cost.
- Pillar 1: end homelessness
- Pillar 2: non-market housing (Build Canada Homes)
- Federal lands into homes
- Pillar 3 and mortgage measures
Values in millions of dollars.
Show the numbers
| $ millions | 2026-27 | 2027-28 | 2028-29 | 2029-30 | 2030-31 |
|---|---|---|---|---|---|
| Pillar 1: end homelessness | 0 | 2,364 | 3,620 | 2,620 | 2,619 |
| Pillar 2: non-market housing (Build Canada Homes) | 0 | 0 | 473 | 495 | 530 |
| Federal lands into homes | 0 | 387 | 387 | 387 | 387 |
| Pillar 3 and mortgage measures | 0 | 55 | 56 | 155 | 216 |
| Total | 0 | 2,806 | 4,536 | 3,657 | 3,752 |
Every housing line in the chapter 3 cost table shows "…" for 2026-27, the budget's notation for no new money (p. 219). Spending starts at $2.8 billion in 2027-28 and peaks at $4.5 billion in 2028-29. Across all five years it adds up to $14.8 billion. The $44.7 billion headline is on a cash basis and includes the years after 2030-31, so the two numbers measure different things. If you're hoping federal money changes your local market next year, it won't.
Build Canada Homes becomes the program
Build Canada Homes launched in September 2025 and became a Crown corporation this year. It has now absorbed Canada Lands Company's development arm too (p. 195). Budget 2026 adds $13 billion over ten years starting in 2028-29. That brings its total capital to $45 billion and its target to 200,000 homes in a decade. At least 10% of the new money goes to Indigenous housing (p. 201).
The goal is 24,000 non-market starts a year, triple today's pace. Non-market homes are about 4% of Canada's stock right now. There's also $1.5 billion over four years, plus $387.4 million later, to put water, sewer and roads on federal land so it can be built on (p. 202).
Chart 3
Build Canada Homes takes over from the old programs
Federal capital for "measures to grow the housing stock", by fiscal year. Billions of dollars.
- Build Canada Homes
- Indigenous housing
- Rental and multigenerational tax measures
- Affordable Housing Fund + Housing Accelerator Fund
- Apartment Construction Loan Program + other
Values in billions of dollars.
Show the numbers
| $ billions | 2025-26 | 2026-27 | 2027-28 | 2028-29 | 2029-30 | 2030-31 |
|---|---|---|---|---|---|---|
| Build Canada HomesBudget 2025 + Budget 2026 rows | 0.0 | 1.2 | 2.9 | 4.3 | 4.3 | 4.3 |
| Indigenous housingBaseline + Spring Update + Budget 2026 rows | 2.0 | 2.2 | 2.7 | 2.6 | 2.2 | 2.3 |
| Rental and multigenerational tax measuresForgone revenue | 1.1 | 1.6 | 1.9 | 2.1 | 2.3 | 2.7 |
| Affordable Housing Fund + Housing Accelerator FundBoth wind down to zero | 2.1 | 2.5 | 0.7 | 0.1 | 0.0 | 0.0 |
| Apartment Construction Loan Program + otherCapital cost only, not loan volume | 0.5 | 0.6 | 0.7 | 0.5 | 0.7 | 0.4 |
| Printed total | 5.5 | 8.0 | 8.8 | 9.5 | 9.5 | 9.5 |
The annex table shows the handoff. The Housing Accelerator Fund goes from $1.1 billion this year to $0.1 billion in 2027-28 and nothing after. The Affordable Housing Fund is at zero by 2029-30. Build Canada Homes grows to $4.3 billion a year (p. 354). If your city has been counting on Accelerator money, that tap is closing.
For scale: 200,000 homes over ten years is 20,000 a year. Canada started homes at a pace of about 250,000 a year in the first half of 2026. Build Canada Homes matters a lot for people who need non-market housing. It won't move market prices by itself.
Mortgages: the part buyers and small builders should read
- Optional mortgage insurance price limitBefore: $1 millionAfter: $1.5 million, with 30-year amortisation if one borrower is a first-time buyer or the home is newProposed · p. 208 of the budget PDF (opens in a new tab)
- New 3- and 4-unit homesBefore: Over the $1.5M cap, or owner must live in a unit: no insured financingAfter: Insured construction loan up to 90% of value, no price cap, no owner-occupancy rule, 30-year amortisation after completionFeb 1, 2027 · p. 204 of the budget PDF (opens in a new tab)
- 5- to 50-unit residentialBefore: No private mortgage insurer optionAfter: Private mortgage insurers may insure these loansFeb 1, 2027 · p. 203 of the budget PDF (opens in a new tab)
- Insured mortgage ratesBefore: Limited public dataAfter: Bank of Canada to publish insured mortgage rate data under new regulationsProposed · p. 207 of the budget PDF (opens in a new tab)
- Income verificationBefore: Lenders check income on their ownAfter: CRA can verify income for lenders and insurers ($13M pilot) to cut mortgage fraudPilot from 2027-28 · p. 208 of the budget PDF (opens in a new tab)
- Prepayment penalties on insured mortgagesBefore: Hard to compareAfter: Consultation on clearer disclosureConsultation · p. 208 of the budget PDF (opens in a new tab)
- Deposit insuranceBefore: $100,000After: $250,000, plus temporary high-balance cover for events like selling a homeIntention announced · p. 147 of the budget PDF (opens in a new tab)
The budget's own example says it best (p. 204). A builder wants to put up a $3 million fourplex. Today the project can't get insured financing: it's over the $1.5 million cap, and the builder would have to live in one unit. From February 1, 2027, any insurer can back a construction loan for up to 90% of the value, with no price limit and no occupancy rule. When it's done, the builder can rent all four units with a 30-year insured mortgage or sell them off one by one.
If you build or buy multiplexes, that's the most useful page in the whole budget. Pair it with private insurers covering 5 to 50 unit buildings and the gap between a house and a real apartment building gets a lot easier to finance.
For regular buyers the changes are smaller. Optional mortgage insurance is the kind used on loans with 20% or more down. Its price limit goes from $1 million to $1.5 million, with 30-year amortisation if one borrower is a first-time buyer or the home is new (p. 208). The budget pitches it as more competition between lenders. You'll feel it, if at all, through slightly sharper rates from smaller lenders.
Two practical ones. The Bank of Canada will publish insured mortgage rates, so you can see what the market is paying. And deposit insurance goes to $250,000, with extra temporary cover for big balances after events like a home sale (p. 147). If you've ever sat on sale proceeds across three banks to stay under the limit, you'll get why that matters.
Foreign buyers and non-resident sellers
The ban on foreign purchases of existing homes gets extended to January 1, 2029. New residential property is now exempt (p. 203). The budget says this unlocks "additional investment in new housing supply."
My read: it's help for presales. The budget admits condos and some low-rise segments are weak (p. 84). Letting foreign buyers back into new construction adds demand exactly where it's thinnest. I doubt it's a flood. It's a pressure valve for builders sitting on unsold units.
On the other side of the deal, buyers purchasing from a non-resident corporation hold back less. Withholding drops from 25% to 15% of the price on regular capital property, and from 50% to 30% on property like inventory, for sales from January 1, 2027 (p. 413).
Builders and landlords
The Budget 2024 promise to exempt purpose-built rental borrowing from the interest deduction cap still isn't law. This budget widens it to money borrowed by an affiliate, or through a partnership where you hold at least 40%, back to tax years starting October 1, 2023 (p. 403).
The Productivity Mega Deduction lets builders write off equipment right away, like cranes, excavators and modular plant. Long-lived buildings are excluded (p. 115), so the rental building itself gets nothing new.
The budget admits homebuilders now produce fewer homes per worker than they did twenty years ago. Getting back to that level would be worth up to 150,000 more starts a year. The money aimed at it is small: $500 million for modern construction capacity, $168.9 million for housing data and common standards, and $100 million to help municipalities use e-permitting and AI (p. 203). Edmonton cut some approvals from two weeks to one day that way.
Apprentices get a minimum of 18 weeks of EI, up from 14. Tradespeople can take a flat $1,500 labour mobility deduction instead of tracking receipts. And on financing for homes built to sell, Ottawa finished consulting builders in September and is "exploring a range of options." Nothing concrete yet.
Demand: fewer newcomers
Chart 4
The demand side: Ottawa keeps cutting arrivals
New temporary resident arrivals and permanent resident admissions, actual and planned.
- New temporary resident arrivals
- Permanent resident admissions
Show the numbers
| Year | New temporary resident arrivals | Permanent resident admissions |
|---|---|---|
| 2023 actual | 971,815 | 471,820 |
| 2024 actual | 686,010 | 483,655 |
| 2027-29 target, per year | 370,000 | 380,000 |
The 2027 to 2029 plan targets 370,000 new temporary residents and 380,000 permanent residents a year. Temporary arrivals were 971,815 in 2023. From January to August 2026, new student arrivals were down 71% and new worker arrivals down 57% from the same months of 2024 (p. 216).
Up to 200,000 temporary residents already here will get permanent status by the end of 2027. Their status changes. The head count doesn't. Over time, though, permanent status makes it easier for them to buy.
The budget credits falling rents to record rental construction, slower immigration and slower household growth (p. 84). I agree with that list. Lower arrivals do more for rent in 2027 than anything in the spending tables.
The market the budget assumes
- Bank of Canada affordability index, 2026 Q2. Peak was 55%, 2016-19 average 37%
- 41%
- Bank of Canada affordability index, 2026 Q2. Peak was 55%, 2016-19 average 37%. p. 84 of the budget PDF (opens in a new tab)
- National asking rents since the May 2024 peak. Toronto -14%, Vancouver -18%
- -8%
- National asking rents since the May 2024 peak. Toronto -14%, Vancouver -18%. p. 84 of the budget PDF (opens in a new tab)
- Average pace of housing starts in the first half of 2026, about 20% above 2015-19
- ~250,000
- Average pace of housing starts in the first half of 2026, about 20% above 2015-19. p. 84 of the budget PDF (opens in a new tab)
- Bank of Canada policy rate after the 25 bp hike on Oct 28, 2026
- 2.5%
- Bank of Canada policy rate after the 25 bp hike on Oct 28, 2026. p. 86 of the budget PDF (opens in a new tab)
Finance's own scorecard is decent. The Bank of Canada's affordability index is at 41%, down from a 55% peak, against a 2016 to 2019 average of 37%. Asking rents are down about 8% nationally since May 2024, 14% in Toronto and 18% in Vancouver. It also cites BILD data showing 8,400 new homes sold in Ontario from April to June, against about 3,600 a year earlier, after the Ontario deal to cut taxes on new homes by up to $200,000 (p. 202).
Chart 5
No rate relief in the forecast
Average private sector forecasts used for the budget, annual averages. Per cent.
- 10-year Government of Canada bond
- 3-month treasury bill
Show the numbers
| % | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| 10-year Government of Canada bond | 3.6 | 3.8 | 3.7 | 3.6 | 3.7 |
| 3-month treasury bill | 2.3 | 2.6 | 2.7 | 2.7 | 2.7 |
The problem is rates. The affordability gains came partly from earlier rate cuts, and that's reversing. The Bank raised its rate to 2.5% on October 28 and said more hikes could be needed (p. 86). The private forecasters the budget relies on already expected two hikes and see the 10-year bond at 3.6% this year and 3.8% next. Fixed mortgage rates follow bond yields. Nothing in this budget offsets that.
Everything else that touches housing
First Nations get $32 billion over ten years for housing and infrastructure. That includes $11 billion to maintain 119,000 homes, build more than 6,900 and renovate more than 10,900, plus $1.7 billion over five years for shovel-ready projects (p. 239).
A new federal facility will backstop insurers with up to $50 billion after a major earthquake, funded by levies on the industry (p. 281). It matters most for homeowners in B.C. and Quebec.
The rest is smaller or already announced. The heat pump rebate (more than $2 billion, up to 820,000 households) came out October 8 (p. 194). The home accessibility credit gets a flat $1,000 claim option from 2027. Ottawa keeps buying up to $30 billion of Canada Mortgage Bonds a year (p. 337).
What's not in it
I searched the full text for each of these. None of them changes:
- The mortgage stress test. The words don't appear.
- FHSA or Home Buyers' Plan limits. The FHSA shows up as $62 million for the CRA to run it.
- Capital gains on property and the principal residence exemption. The new $15 million capital gains exemption for business shares excludes real estate businesses (p. 379).
- The Underused Housing Tax. Not mentioned.
- Any GST cut beyond the existing first-time buyer relief of up to $50,000 on new homes, which is a recap (p. 188).
- Help for mortgage renewals.
My read
This is a homelessness and social housing budget with mortgage rule changes on top. That's a fair choice. Non-market housing is 4% of the stock, and the market has never built it at scale on its own. But almost none of the money shows up before 2027-28, and the plan only works if provinces pay to run what Ottawa builds.
For the private market, Ottawa has stopped writing cheques. It's changing who can borrow and on what terms. If you build or buy small multiplexes, February 1, 2027 is your date. If you sell presale condos, watch the foreign buyer exemption for new homes when the regulations come out. If you're a first-time buyer waiting on Ottawa, what moves your payment is the Bank of Canada, and it just hiked.
Every housing measure in Budget 2026
Status says whether the budget announces it as new, changes an existing rule, proposes it for later, or repeats something already announced. Page links open the budget PDF.
Homelessness
Path to end homelessness in 10 years (pillar total)
$11.2B over 4 yrs from 2027-28 + $17.8B laterNewp. 198 of the budget PDF (opens in a new tab)
Integrated Supports Fund, via Build Canada Homes
$1.8B + $3.2B laterNewp. 198 of the budget PDF (opens in a new tab)
Supportive and transitional housing, via Build Canada Homes
$3.6B + $6.4B laterNewp. 198 of the budget PDF (opens in a new tab)
Health Infrastructure Fund for mental health and addictions sites
$2B over 2 yrs from 2027-28Newp. 198 of the budget PDF (opens in a new tab)
Reaching Home and Veterans Homelessness Program renewed 10 yrs
$2.1B over 3 yrs from 2028-29 + $4.4B laterNewp. 199 of the budget PDF (opens in a new tab)
Canada Housing Benefit renewed 10 yrs
$1.7B over 3 yrs from 2028-29 + $3.9B laterNewp. 199 of the budget PDF (opens in a new tab)
Winnipeg partnership: up to $800M for 2,000 supportive and transitional units
$1B+ in new capitalNewp. 200 of the budget PDF (opens in a new tab)
Non-market
Build Canada Homes capital top-up; total capitalisation $45B, 200,000 homes in 10 yrs
$13B over 10 yrs from 2028-29Newp. 201 of the budget PDF (opens in a new tab)
Target: 24,000 non-market starts a year (triple today's pace); non-market is about 4% of stock
At least 10% of Build Canada Homes' expanded envelope for Indigenous housing
AllocationNewp. 201 of the budget PDF (opens in a new tab)
Water, wastewater and roads to ready federal land for homes
$1.5B over 4 yrs + $387.4M laterNewp. 202 of the budget PDF (opens in a new tab)
Canada Lands Company's development role moves into Build Canada Homes
StructuralChangep. 202 of the budget PDF (opens in a new tab)
Supply
E-permitting and AI partnership with FCM
$100M over 3 yrs from 2027-28Newp. 203 of the budget PDF (opens in a new tab)
Strategic Response Fund for modern construction capacity
$300M over 3 yrs from 2028-29 + $200M laterNewp. 203 of the budget PDF (opens in a new tab)
Housing data and common standards for modern construction; faster National Model Code updates
$67.7M over 4 yrs + $101.2M laterNewp. 203 of the budget PDF (opens in a new tab)
Productivity Mega Deduction covers builders' equipment; long-lived buildings excluded
$36B over 5 yrs (all sectors)Newp. 115 of the budget PDF (opens in a new tab)
Interest deductibility (EIFEL) exception for purpose-built rental widened to affiliates and 40%+ partnerships
$555M over 5 yrs (shared with utilities)Changep. 403 of the budget PDF (opens in a new tab)
Homebuilder financing options after Spring consultation
Under reviewProposedp. 204 of the budget PDF (opens in a new tab)
Deep Retrofit Accelerator for mid- and high-rise multi-unit buildings
$107.1M over 3 yrs from 2027-28Recapp. 194 of the budget PDF (opens in a new tab)
National Heat Pump Rebate, up to 820,000 households
$2B+ over 8 yrsRecapp. 194 of the budget PDF (opens in a new tab)
Mortgages
Optional insurance limit $1M to $1.5M; 30-yr amortisation for first-time buyers or new homes
Rule changeProposedp. 208 of the budget PDF (opens in a new tab)
Insured construction financing for new 3-4 unit homes, up to 90%, no price cap
Rule changeChangep. 204 of the budget PDF (opens in a new tab)
Private insurers can insure 5-50 unit residential
Rule changeChangep. 203 of the budget PDF (opens in a new tab)
Bank of Canada to publish insured mortgage rates
RegulationProposedp. 207 of the budget PDF (opens in a new tab)
CRA income verification service for lenders and insurers
$13M over 3 yrsNewp. 208 of the budget PDF (opens in a new tab)
Prepayment penalty transparency on insured mortgages
ConsultationProposedp. 208 of the budget PDF (opens in a new tab)
Deposit insurance to $250,000, high-balance cover on a home sale
LegislationProposedp. 147 of the budget PDF (opens in a new tab)
Canada Mortgage Bond purchases continue
Up to $30B a yearRecapp. 337 of the budget PDF (opens in a new tab)
Non-residents
Foreign buyer ban on existing homes extended to Jan 1, 2029; new homes exempt
LegislationChangep. 203 of the budget PDF (opens in a new tab)
Purchaser withholding on property sold by non-resident corporations: 25% to 15%, 50% to 30%
$63M over 5 yrsChangep. 413 of the budget PDF (opens in a new tab)
Demand
Immigration levels 2027-29: 370,000 temporary arrivals and 380,000 permanent admissions a year
$56.9M over 4 yrsNewp. 216 of the budget PDF (opens in a new tab)
Up to 200,000 temporary residents to permanent status by end of 2027
$302.3M over 4 yrsNewp. 216 of the budget PDF (opens in a new tab)
Indigenous
First Nations housing and infrastructure; $11B to maintain 119,000 homes, build 6,900+, renovate 10,900+
$32B over 10 yrsNewp. 239 of the budget PDF (opens in a new tab)
Shovel-ready First Nations housing
$1.7B over 5 yrs from 2027-28Newp. 239 of the budget PDF (opens in a new tab)
Trades
EI for apprentices: minimum weeks 14 to 18
$5M over 4 yrsNewp. 214 of the budget PDF (opens in a new tab)
Team Canada Strong: up to 100,000 new Red Seal workers by 2031
$2B over 5 yrsRecapp. 213 of the budget PDF (opens in a new tab)
Labour mobility deduction: optional flat $1,500 claim
Homeowners
Home Accessibility Tax Credit: optional flat $1,000 claim from 2027
$4M totalNewp. 386 of the budget PDF (opens in a new tab)
Canadian Earthquake Insurance Facility, up to $50B emergency backstop for insurers
Levy-fundedNewp. 281 of the budget PDF (opens in a new tab)
First-time buyer GST relief on new homes, up to $50,000
ExistingRecapp. 188 of the budget PDF (opens in a new tab)
Apartment Construction Loan Program: $32B committed, 80,000+ rentals
ExistingRecapp. 195 of the budget PDF (opens in a new tab)
How I did this
I read the full PDF released November 5, 2026, all 532 pages, from the cover letter to the draft legislation. Page numbers are the ones printed on each page, and every link opens the PDF at that page. Chart 1 adds up the multi-year amounts the budget states for each measure. Chart 2 uses the budget's own cost table, which counts spending differently than the $44.7 billion headline. Where the budget says something was announced before today, I've marked it as a recap.