Ontario Construction News staff writer
Ontario is set to invest $26.3 billion in infrastructure projects for 2024-25, with a total commitment of $191 billion over the next decade, Finance Minister Peter Bethlenfalvy announced in his fall economic statement on Oct. 30. This funding aims to support significant construction initiatives across the province.
An additional $23 billion will be allocated to building new schools and childcare centres over the next 10 years. However, the province is expected to fall short of its housing target for this year, with only 81,300 homes anticipated to be completed, down from an original goal of 125,000.
Bethlenfalvy highlighted ongoing challenges facing Ontario, including rapid population growth, geopolitical uncertainties, and the high cost of living. He expressed confidence in the strength of Ontario’s workforce and the government’s leadership, emphasizing that the province’s long-term construction plans will help address these issues.
The Invest Ontario Fund will see an increase of $100 million, raising the total to $700 million, which includes $10 million allocated for a new $155-million auto parts plant in Woodbridge.
The government is also committed to advancing major transportation projects, including Highway 413, the Bradford Bypass, the Ontario Line, and expansions to GO Transit and major highways. These projects are essential for enhancing the province’s infrastructure.
Construction industry leaders welcomed an additional $260 million in the Skills Development Fund, bringing its total to $1.4 billion. This fund is designed to attract and train workers in construction and other key sectors, supporting initiatives such as the new LiUNA 183 Training Centre.
In collaboration with First Nations, unions, and local employers in Northern Ontario, the province plans to train over 36,000 workers to access the region’s vital resources. To further encourage participation in skilled trades, Ontario will invest $16.5 million annually for the next three years in programs like the Skilled Trades Career Fair Level Up!
A new online job-matching platform for apprentices and journeypersons will be launched to facilitate connections between employers and potential workers. Additionally, to boost the participation of women in skilled trades, the government is investing up to $26.7 million over three years to provide low-income women with the necessary skills and training.
The government is also considering amendments to the Construction Act to implement key industry recommendations, which will further enhance the working environment within the construction sector.