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5h ago

Ontario Pledges $1.6 Billion for Housing Infrastructure as Province Trails Build Goals

Escalating local charges alongside falling starts signal a wide gap between goals and actual construction.

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West St. Paul councillor Dorothy Klieber is equipping and inspiring Manitobans to run for office or get involved in civic life, sharing practical insights into the realities of serving in municipal government ahead of the 2026 elections.
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The overall property tax increase in the budget directions report is up to 3.75 per cent.

Overview

  • Premier Doug Ford announced a $1.6-billion provincial fund aimed at infrastructure that supports new home-building.
  • Government figures show 2024 housing starts in Ontario at 94,753 versus the roughly 125,000 needed for the 2031 target, and CMHC reports July starts fell 28% in Ontario even as Canada rose 4%.
  • The Greater Ottawa Homebuilders Association says municipal development charges in Ottawa rose roughly 23% to 29% between October 2023 and November 2024, depending on area and housing type.
  • A planned 16‑unit ByWard Market infill by developer Francois Latreille has stalled after development and related fees totaled about $700,000.
  • Analysts note Big Six bank stocks are trading at price-to-earnings multiples about 15% above historical averages ahead of next week’s Q3 results, with provisions for loan losses a key uncertainty.