Prime Minister Mark Carney, centre, makes an announcement regarding housing and affordability at a new condo development in Toronto on Monday, March 30, 2026. THE CANADIAN PRESS/Nathan Denette
The federal and Ontario governments are set to match billions of dollars in local infrastructure funding to assist cities in reducing high development fees and increasing home construction.
Today in Toronto, Prime Minister Mark Carney joined Premier Doug Ford to announce that both levels of government will invest $4.4 billion each over the next decade for housing-related infrastructure.
This funding initiative is the first to be launched through the federal government’s Build Communities Strong Fund and aims to help municipalities lower development fees by 50 percent for the next three years.
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Experts have pointed out that municipal development fees have skyrocketed recently, driving up homebuilding costs and making it harder to create much-needed housing supply.
Last week, Ontario also announced a plan with the federal government to eliminate the harmonized sales tax on qualifying new constructions for the upcoming year.
This latest funding announcement follows Ottawa’s recent declaration of $1.7 billion allocated for all provinces and territories aimed at boosting housing supply as they see fit.
This report by The Canadian Press was first March 30, 2026.
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