Ontario Introduces Building Faster Fund, Expands Strong Mayor Powers to Tackle Housing Supply Crisis

There is an urgent need to get more homes built quickly across Ontario. That is why our government is further supporting municipalities in building more homes by introducing the Building Faster Fund, a new three-year $1.2 billion program to help municipalities meet or exceed the housing targets they have pledged to achieve by 2031.
Eligible municipalities will receive up to a total of $400 million each year based on their performance towards their housing targets.
We are also expanding strong mayor powers in 21 municipalities, provided heads of council commit to a municipal housing target.
The expansion of strong mayor powers will take effect on October 31, 2023 and is in addition to the 28 municipalities that already have strong mayor powers, having committed to targets through municipal housing pledges.
By providing additional support and financial resources to our municipal partners as well as strong mayor powers to help speed up the approvals process, our government is acting decisively to tackle Ontario’s housing supply crisis and build the homes our residents need and deserve.
The list of assigned housing targets for municipalities considered for strong mayor powers and the Building Faster Fund is provided below:

Municipality	Provincial Housing Target
Halton Hills (new)	9,500
Aurora (new)	8,000
Bradford West Gwillimbury (new)	6,500
Kawartha Lakes (new)	6,500
Whitchurch-Stouffville (new)	6,500
New Tecumseth (new)	6,400
Innisfil (new)	6,300
Georgina (new)	6,200
Norfolk County (new)	5,700
Woodstock (new)	5,500
Peterborough City (new)	4,700
East Gwillimbury (new)	4,300
Welland (new)	4,300
Haldimand County (new)	4,200
Greater Sudbury (new)	3,800
Belleville (new)	3,100
Thunder Bay (new)	2,200
Sault Ste. Marie (new)	1,500
Chatham-Kent (new)	1,100
North Bay (new)	1,000
Sarnia (new)	1,000
Toronto	285,000
Ottawa	151,000
Mississauga	120,000
Brampton	113,000
Hamilton	47,000
London	47,000
Markham	44,000
Vaughan	42,000
Kitchener	35,000
Oakville	33,000
Burlington	29,000
Richmond Hill	27,000
Oshawa	23,000
Barrie	23,000
Milton	21,000
Cambridge	19,000
Guelph	18,000
Whitby	18,000
Ajax	17,000
Waterloo	16,000
Windsor	13,000
Clarington	13,000
Pickering	13,000
Caledon	13,000
Newmarket	12,000
St. Catharines	11,000
Brantford	10,000
Kingston	8,000
Niagara Falls	8,000