Ontario and Toronto Working Together to Build More Homes Near Transit

August 15, 2025

• The amendments to Toronto’s official plan, developed in consultation with City of Toronto officials, allow for greater density and taller buildings near transit, making it possible to build over 1.5 million more homes over the next 25 years, while also creating good-paying jobs and attracting investment.
• These changes also align new home building with Ontario’s historic investments in new and expanded transit throughout Toronto to help people get around more conveniently than ever before.

• We thank Mayor Chow for partnering with us on a bold, shared vision, one where more people can work, live and raise their families right here in Toronto.
• In June, our government awarded $67.2 million to the City of Toronto through the second round of the Building Faster Fund, which provides funding to municipalities that achieve at least 80 per cent of their provincially designated housing targets. 
• These amendments to Toronto’s official plan, made in collaboration and consultation with the city, will help more people find a home they can afford and will reduce gridlock in the city by making it more convenient for people to use transit.
• In the face of U.S. tariffs and economic uncertainty, these changes will also drive economic growth in Toronto by creating tens of thousands of jobs in construction and the skilled trades.
• Along with our government’s latest legislation, today’s announcement is vital steps in our plan to protect Ontario’s future by getting shovels in the ground and building homes faster to meet the needs of our growing population.