Ontario Construction News staff writer
Pickering will receive $5.2 million from the Ontario government, in recognition of the city surpassing its 2023 housing target. The funding, through the Building Faster Fund, comes as Pickering successfully broke ground on 1,502 new housing units last year.
“Pickering is getting it done on housing and we are proud to reward them for their success,” said Premier Doug Ford. “My challenge to Mayor Ashe and to every mayor in Ontario is to get even more homes built in the coming years so we can make life more affordable and keep the dream of homeownership alive for families across the province. We’ll be there to support you every step of the way.”
The Building Faster Fund, initiated in August 2023, is a three-year, $1.2 billion program that incentivizes municipalities to achieve their housing targets by offering funding for housing-enabling and community-enabling infrastructure. Municipalities that exceed 80 per cent of their assigned housing targets are eligible for increased funding.
“As Pickering will be one of Durham’s largest cities, we are steadfast in our commitment to creating a sustainable, interconnected, and flourishing community that offers a diverse array of housing choices for all residents,” said Mayor Kevin Ashe. “I extend my thanks to Premier Ford and the Province of Ontario for the funding provided through the Building Faster Fund, which will be instrumental in building homes faster and ensuring attainable and affordable housing options.”
Pickering’s success in exceeding its housing target reflects the collective efforts of the community and the government’s dedication to ensuring affordable housing for all Ontarians.