Peterborough to receive up to $39.9 million after cutting residential development charges in half

Petrolia nixes development charges for 3 years — in exchange for $2.3M in money from feds, province

Petrolia is set to receive up to $2.3 million in federal-provincial funding to help upgrade fire equipment, improve parks and recreation facilities and buy new equipment and vehicles for public works, according to the province’s housing ministry.

$2.3M committed to support more homes in Petrolia

The Town of Petrolia is planning to waive development charges on new home builds over a three-year period in order to unlock a $2.3 million investment from the provincial and federal governments.The funding commitment, through the Development Charge Reduction Program, was announced at Victoria Hall on Monday.“This is a significant opportunity for our community. It helps encourage new housing and development while allowing us to continue planning…

Ontario City to Receive Nearly $40M for Cutting Development Fees on New Homes

Ontario Premier Doug Ford speaks to the media at Queen's Park in Toronto on Jan. 21, 2026. (The Canadian Press/Nathan Denette)

Peterborough to receive up to $39.9 million after cutting residential development charges in half

By Bruce Head. Federal-provincial funding will support roads and water and wastewater infrastructure intended to help support more than 9,200 new homes.

Peterborough to receive up to $39.9 million for infrastructure, potentially unlocking more than 9,200 new homes

Peterborough is in line for nearly $40 million in federal and provincial funding aimed at supporting housing construction, upgrading infrastructure an...