Toronto to Get $1.5 Billion From Province and Feds to Reduce Development Charges

Toronto gets $1.5B to cut housing construction costs. Here’s how it could help

Construction costs could come down by as much as $83,000 per unit

TRREB Welcomes Ontario Government’s $1.5 Billion Funding for Significant Development Charges Reduction in the City of Toronto

TORONTO, June 23, 2026 (GLOBE NEWSWIRE) -- The Toronto Regional Real Estate Board (TRREB) welcomes the Ontario government's announcement to provide the City of Toronto with $1.5 billion to facilitate a 40 to 60 per cent reduction in development charges…

Toronto to get $1.5 billion from province and feds to reduce development charges

The City of Toronto will be getting $1.5 billion from the federal and provincial governments in order to lower development charges on new homes over the next three years, leaders from all three levels of government said Tuesday.

The building industry welcomes City of Toronto development charge reduction program

Toronto, June 23, 2026 (GLOBE NEWSWIRE) -- The Building Industry and Land Development Association (BILD) and the Ontario Home Builders’ Association (OHBA) applaud the reduction of development charges (DCs) in Toronto announced today by the municipal, provincial and federal governments.…

Toronto Secures $1.5B for Infrastructure, Affordable Housing

The City of Toronto has secured up to $1.5 billion in federal and provincial funding to support major infrastructure projects. Announced yesterday by the City, the Province of Ontario, and the Government of Canada, the funding will flow through the Development Charge Reduction Program as part of the Canada-Ontario Partnership to Build. In exchange, Toronto will reduce development charges by 40% to 60%, depending on housing type, between 2026 and…