By Gazette Staff
September 24th, 2025
BURLINGTON, ON
In the second round of funding the provincial government is “rewarding” municipalities for their progress toward housing targets.
The Town of Oakville received $13.2 million through the second round of the Building Faster Fund, which provides funding to municipalities that achieve at least 80 per cent of their provincially designated housing targets. Oakville broke ground on 3,679 new homes in 2024, which works out to 134 per cent of its 2024 housing target.
The Premier didn’t make it to the Oakville event – the Minister of Housing did the honours.
This funding will help Oakville build more homes and community infrastructure and supports the province’s plan to protect Ontario by investing in infrastructure to support economic growth and keep workers on the job.
Anyone with a cheque for $13.2 million is welcome in the Town.
Mayor Meed Ward and the Premier are not chums – everything between them is transactional.
Announced in August 2023, the Building Faster Fund is a three-year, $1.2 billion program that is designed to encourage municipalities to speed up approval processes and get more homes built faster. The program rewards municipalities that make significant progress against their targets by providing funding for housing-enabling and community-enabling infrastructure. Additionally, the Building Faster Fund is complemented by a $35 million investment in municipalities across Halton Region through the Municipal Housing Infrastructure Program, which will support the construction of over 29,000 new homes. This includes $3.2 million for the Town of Oakville.
The Ontario government is also helping to speed up the construction of new homes and infrastructure, including by streamlining development processes and reducing costs in close partnership with municipalities, through the Protect Ontario by Building Faster and Smarter Act 2025.
From January to August 2025, Ontario saw 13,910 rental starts, an increase of 23 per cent compared to the same period in 2024. This is the highest level of rental starts on record for this time of the year. Others don’t see the same progress the province is barking about. Tom Parkin has pointed out just how far behind in building than the other provinces.
Burlington wasn’t on the list this time around.
Related news items:
Poor housing starts impact more than the construction industry
Leave a Reply