Funding Recognizes Municipality’s Progress in Exceeding Provincial Housing Targets
Investment Will Support Infrastructure Needed for New Homes and Growing Communities
Ontario’s Housing Strategy Continues Focus on Faster Construction and Economic Growth
MILTON, Ont. — The Ontario government is providing the Town of Milton with $8.4 million through the third round of the Building Faster Fund, recognizing the municipality’s strong progress in meeting provincial housing targets and supporting future community growth.
The funding comes after Milton exceeded its 2025 housing goal, breaking ground on 2,699 new homes during the year — 28 per cent above its annual target. The province said the investment will help Milton advance housing development and build essential community infrastructure while supporting economic growth and employment across the region.
“I applaud the Town of Milton’s commitment to building more homes in support of their growing community,” said Rob Flack, Minister of Municipal Affairs and Housing. “As we look to the future, our government will continue creating the conditions municipal partners like Milton need to kickstart the housing sector. More shovels in the ground mean greater affordability, more people working, and a stronger economy.”
The Building Faster Fund, launched in August 2023, is a three-year program worth up to $1.2 billion. It provides financial support to municipalities that achieve at least 80 per cent of their provincially assigned housing targets. The funding is intended to help municipalities invest in infrastructure required to support new residential development and accommodate expanding communities.
Milton officials said the provincial contribution will assist with major infrastructure projects needed to support housing growth, including improvements to transportation networks and stormwater systems.
“Milton Council appreciates the Ontario government’s investment through the Building Faster Fund,” said Gordon Krantz, Mayor of Milton. “This commitment will help deliver essential infrastructure — from stormwater systems to road expansion and renewal — that supports housing in our growing community. It will also play a key role in advancing connected, complete neighbourhoods and reinforcing Milton as a Place of Possibility.”
The Ontario government said it is continuing to introduce measures designed to accelerate housing construction by reducing barriers, streamlining approvals and lowering costs associated with development.
Recent initiatives include the Building Homes and Improving Transportation Infrastructure Act, 2026 and the HST Relief Implementation Act (Residential Property Rebates), 2026. The province said these measures are aimed at encouraging housing supply while supporting builders and workers involved in construction projects.
As part of the up to $8.8 billion Canada-Ontario Partnership to Build, Ontario has also introduced the Development Charge Reduction Program. The 10-year initiative will provide funding for housing-enabling infrastructure projects, with priority given to municipalities that reduce and maintain lower development charges.
The partnership also includes measures to remove the harmonized sales tax on new homes between April 1, 2026, and March 31, 2027. According to the province, the change could save homebuyers up to $130,000 on the purchase of a new home.
“These initiatives are designed to improve housing affordability, support builders as they begin new projects and keep workers employed,” the province said.
“This $8.4 million investment through the Building Faster Fund recognizes Milton’s leadership in planning for growth and building the infrastructure our community needs,” said Zee Hamid, MPP for Milton. “This funding will help create more housing opportunities for families, support a stronger and more connected community, and ensure Milton remains a great place to live, work, and raise a family.”
Ontario reported continued momentum in housing construction during the first five months of 2026. From January to May, the province recorded 26,084 total housing starts, representing a 17.2 per cent increase compared with the same period in 2025.
Rental housing construction also reached record levels for the period, with 13,599 rental starts recorded between January and May 2026 — an increase of 94.9 per cent compared with the previous year.
To further support municipalities, the provincial government has extended the deadline for spending Building Faster Fund allocations to 2028, giving communities additional time to complete housing-related infrastructure projects.
Across the Halton Region, Ontario is investing nearly $35 million through the Municipal Housing Infrastructure Program, which is expected to support approximately 28,000 new homes. Milton is receiving more than $10 million of that funding, in addition to the latest Building Faster Fund investment.
The province said the combined investments are part of its broader effort to expand housing supply, strengthen local infrastructure and ensure communities have the resources needed to support long-term growth.