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Ontario Adds $1.6B to Housing Infrastructure Program as Minister Signals Changes to Building Faster Fund

The province aims to unlock housing by funding municipal roads, bridges, water infrastructure.

Overview

  • Premier Doug Ford and Infrastructure Minister Kinga Surma announced the top-up at the Association of Municipalities of Ontario conference in Ottawa.
  • The new commitment brings the Municipal Housing Infrastructure Program to nearly $4 billion across four application streams, including roads and bridges and water and wastewater systems.
  • Housing Minister Rob Flack said he will extend and improve the Building Faster Fund after consulting mayors, with details to follow.
  • Ontario started construction on 94,753 units in 2024, falling short of the 125,000 interim target tied to the 1.5 million homes by 2031 goal.
  • CMHC reported the national pace of housing starts rose 4% year over year in July, while Ontario recorded a 28% decline.