By Gazette Staff
September 24th, 2025
BURLINGTON, ON
In the latest round of funding, the provincial government is “rewarding” municipalities based on their housing progress.
The Town of Oakville has been granted $13.2 million through this second phase of the Building Faster Fund, which supports municipalities that meet at least 80 percent of their designated housing goals. In 2024, Oakville initiated construction on 3,679 new homes, achieving an impressive 134 percent of its housing target for that year.
The Premier was unable to attend the event in Oakville – instead, the Minister of Housing represented the government.
This financial support will enable Oakville to enhance its homebuilding and community infrastructure while also aligning with the province’s strategy to safeguard Ontario by investing in projects that promote economic growth and job retention.
Anyone with a cheque for $13.2 million is welcome in the Town.
Mayor Meed Ward and the Premier are not chums – everything between them is transactional.
Launched in August 2023, the Building Faster Fund is a three-year initiative worth $1.2 billion aimed at motivating municipalities to expedite approval processes and build homes more quickly. The program rewards those municipalities making significant strides toward their targets by providing funds for housing-supporting and community-supporting infrastructure. Furthermore, this fund complements a $35 million investment in Halton Region municipalities through the Municipal Housing Infrastructure Program designed to help construct over 29,000 new homes-this includes $3.2 million allocated for Oakville.
The Ontario government is also working to accelerate new home construction and infrastructure development by simplifying development processes and lowering costs in close collaboration with municipalities through the Protect Ontario by Building Faster and Smarter Act 2025.
From January to August 2025, Ontario recorded 13,910 rental starts-a rise of 23 percent compared to the same timeframe in 2024. This marks a record high for rental starts during this period. However, others have criticized these claims about progress; Tom Parkin highlighted how far behind Ontario lags compared to other provinces.
Burlington wasn’t included in this funding list this time around.
Related news items:
Poor housing starts impact more than the construction industry
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Anyone with a cheque for $13.2 million is welcome in the Town.
Mayor Meed Ward and the Premier are not chums – everything between them is transactional.
Launched in August 2023, the Building Faster Fund is a three-year initiative worth $1.2 billion aimed at motivating municipalities to expedite approval processes and build homes more quickly. The program rewards those municipalities making significant strides toward their targets by providing funds for housing-supporting and community-supporting infrastructure. Furthermore, this fund complements a $35 million investment in Halton Region municipalities through the Municipal Housing Infrastructure Program designed to help construct over 29,000 new homes-this includes $3.2 million allocated for Oakville.
The Ontario government is also working to accelerate new home construction and infrastructure development by simplifying development processes and lowering costs in close collaboration with municipalities through the Protect Ontario by Building Faster and Smarter Act 2025.
From January to August 2025, Ontario recorded 13,910 rental starts-a rise of 23 percent compared to the same timeframe in 2024. This marks a record high for rental starts during this period. However, others have criticized these claims about progress; Tom Parkin highlighted how far behind Ontario lags compared to other provinces.
Burlington wasn’t included in this funding list this time around.
Related news items:
Poor housing starts impact more than the construction industry
Comments are closed.
Source link
