Ontario could change how municipalities qualify for housing fund

28-Aug-2025

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Ontario's housing minister says he is open to changing a billion-dollar fund designed to reward municipalities building new homes, but critics say even the tweaks he's contemplating won't get shovels in the ground.

Housing Minister Rob Flack said this week that the Ford government is in talks with municipalities to change the Building Faster Fund at a time when new home construction has slowed and the province faces a "generational housing crisis."

"We have seen the housing market come to a standstill," Flack said. "Potential new home buyers have hit the pause button."