Ontario Rewards Milton With $8.4 Million Through the Building Faster Fund
MILTON — The Ontario government is rewarding the City of Milton with $8,400,000 through the third round of the Building Faster Fund, which provides funding to municipalities that achieve at least 80 per cent of their provincially designated housing targets. In 2025, Milton broke ground on 2,699 new homes, exceeding its annual target by 28 per cent. The funding will help the City of Milton build more homes and community infrastructure while advancing the province’s plan to protect Ontario by investing in projects that support economic growth and keep workers on the job.
“I applaud the City of Milton’s commitment to building more homes in support of their growing community,” said Rob Flack, Minister of Municipal Affairs and Housing. “As we look to the future, our government will continue creating the conditions municipal partners like Milton need to kickstart the housing sector. More shovels in the ground mean greater affordability, more people working, and a stronger economy.”
Announced in August 2023, the Building Faster Fund is a three-year, up to $1.2 billion program that helps municipalities build more homes faster. The fund rewards municipalities that make significant progress toward their housing targets by providing funding for the infrastructure needed to support new housing and growing communities.
“Milton Council appreciates the Ontario government’s investment through the Building Faster Fund,” said Gordon Krantz, Mayor of Milton. “This commitment will help deliver essential infrastructure — from stormwater systems to road expansion and renewal — that supports housing in our growing community. It will also play a key role in advancing connected, complete neighborhoods and reinforcing Milton as a Place of Possibility.”
The Ontario government is also helping to speed up the construction of new homes and infrastructure by streamlining development processes and reducing unnecessary costs, most recently through the Building Homes and Improving Transportation Infrastructure Act, 2026 and the HST Relief Implementation Act (Residential Property Rebates), 2026.
As part of the up to $8.8 billion Canada-Ontario Partnership to Build, Ontario has introduced the Development Charge Reduction Program, which will provide funding for housing-enabling infrastructure projects over 10 years. Funding will be prioritized for municipalities that reduce and maintain reductions on development charges. The agreement also supports the removal of the HST on new homes from April 1, 2026, to March 31, 2027, which will save homebuyers up to $130,000 off the cost of a new home. Collectively, these measures help to enhance affordability, support builders as they get shovels in the ground on new homes and keep workers on the job.
“This $8.4 million investment through the Building Faster Fund recognizes Milton’s leadership in planning for growth and building the infrastructure our community needs,” said Zee Hamid, MPP for Milton. “This funding will help create more housing opportunities for families, support a stronger and more connected community, and ensure Milton remains a great place to live, work, and raise a family.”
Quick Facts
From January to May 2026, Ontario saw 26,084 total housing starts, an increase of 17.2 per cent compared to the same period in 2025.
From January to May 2026, Ontario saw 13,599 rental starts, an increase of 94.9 per cent compared to the same period in 2025. This is a record for rental starts for this time of the year.
To help make way for more housing opportunities and support growing communities, the government is also giving municipalities more time to spend funds rewarded through the Building Faster Fund, extending the deadline to 2028.
Ontario is investing nearly $35 million in municipalities across the Halton Region through the Municipal Housing Infrastructure Program, which will enable approximately 28,000 new homes. This includes over $10 million for the City of Milton.
Media Contact
Lisa Fernandes
Office of MPP Zee Hamid
905-878-1729