Name: Ford, Carney pledge $8.8B to kickstart Ontario housing builds
Uploaded: 2026-03-31T02:12:51.918Z
Duration: 2 min 10 s
Description: Prime Minister Mark Carney and Ontario Premier Doug Ford each pledged $4.4 billion dollars to spur housing construction in Ontario by cutting municipal development charges in half for three years.

Prime Minister Mark Carney and Ontario Premier Doug Ford each pledged $4.4 billion dollars to spur housing construction in Ontario by cutting municipal development charges in half for three years.

Ontario

Ontario and the federal government have announced a joint commitment of nearly $9 billion to accelerate the construction of new homes and improve affordability. The funding will help municipalities lower development charges by up to 50%, with most of the money covering infrastructure costs for those that comply. 

This initiative follows a recent move to temporarily scrap sales tax on new homes valued up to $1 million in Ontario. While experts say the policies will help increase housing supply, critics argue the measures fall short of ambitious targets and that more needs to be done. The federal government indicated that similar agreements could be reached with other provinces willing to match funding.

Ford, Carney pledge $8.8B to kickstart Ontario housing builds

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London

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Breakdown