Toronto gets $114M for exceeding Ontario housing targets

Ontario Premier Doug Ford’s government established housing targets for numerous large cities back in 2022, allotting Toronto a lofty goal of building 285,000 units by 2031.

On Thursday, the premier announced that Toronto would get $114 million in funding through the “Building Faster Fund” after breaking ground on 31,656 new housing units last year. Twelve Ontario municipalities in total have exceeded their housing targets, while another seven are “on track” to do so.“We're going to get shovels in the ground faster, starting with the next edition of our Housing Supply Action Plan next month,” Ford told reporters on Thursday.

Few details have been released about what it will entail, with Housing Minister Paul Calandra hinting it was coming “very soon.”

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ottawa, Ontario say Windsor didn’t build enough homes; the city says it didThe 2023 goal set for Windsor by the province was 953 housing starts, but in its online tracker, the Ministry of Municipal Affairs and Housing says the city completed just 346 starts
Source: globeandmail - 🏆 5. / 92 Read more »