Toronto Gets $67.2M Housing Boost as Ontario Falls Behind on Construction Targets

Toronto will receive $67.2 million from Ontario's Building Faster Fund after meeting 88% of its 2024 housing start target. However, many municipalities are missing targets, limiting overall funding distribution. Ontario's goal of 1.5 million new homes by 2031 is at risk, with housing starts projected to remain low. Bill 17 aims to speed approvals and defer fees to boost construction, but urgent action is needed to address the housing crisis.