View our staff report: Ontario Housing Target and Pledge.
Ontario has assigned specific housing targets to its 50 largest municipalities. These municipalities are encouraged to meet their targets through the $1.2 billion Building Faster Fund, which rewards those that reach at least 80 per cent of their annual target with funding. Additionally, municipalities are required to develop municipal housing pledges, detailing the tools and strategies they will use to meet their assigned targets.
The City has been assigned a 10-year housing target from 2021-2031 to create 4,300 additional dwelling units. The City plans for a target of 12,000 dwelling units during this time period. The City’s housing pledge is comprised of the following actions:
- Ontario government housing target and pledge
- Affordable Housing Community Improvement Plan
- Update to the Official Plan
- Housekeeping Zoning by-law amendments
- New Comprehensive Zoning by-law
- Ontario road infrastructure improvements
- Implementation and update to the Downtown and Health and Wellness CIP
- Implementation and update to the Brownfield CIP
- Community Trails Strategy implementation
- Development Charges by-law
- Community Housing and Infrastructure Accelerator – North-West Secondary Plan Area
- Urban forestry guidelines, policies, and programs
- Municipal modernization program for building, planning, and by-law
As of December 10, 2024, the City has helped create 1929 dwelling units.