Second round of funding rewards municipalities for progress toward housing targets
As part of its record-breaking investments in housing-enabling infrastructure, the Ontario government is awarding $1,333,579 to the Town of Georgina 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. Georgina broke ground on 417 new homes in 2024, which works out to 81 per cent of its 2024 housing target. This funding will help Georgina build more homes and community infrastructure and supports the province’s plan to protect Ontario by investing in infrastructure to support economic growth and keep workers on the job.
“Through the Building Faster Fund, we’re partnering with Mayor Quirk and council to get more shovels in the ground in Georgina,” said Rob Flack, Minister of Municipal Affairs and Housing. “This investment, along with our government’s latest legislation, is another key step in our plan to speed up approvals to get more homes built faster in partnership with municipalities across Ontario.”
Announced in August 2023, the Building Faster Fund is a three-year, $1.2 billion program that is designed to encourage municipalities to speed up approval processes and get more homes built faster. The fund rewards municipalities that make significant progress against their targets by providing funding for housing-enabling and community-enabling infrastructure.
“We appreciate the Ontario government’s support for the Town of Georgina through the Building Faster Fund,” said Margaret Quirk, Mayor of the Town of Georgina. “This funding recognizes the strong progress we are making toward our ambitious housing goals, and it will support continued investment in housing-enabling infrastructure to grow our community."
The Ontario government is also helping to speed up the construction of new homes and infrastructure, including by streamlining development processes and reducing costs in close partnership with municipalities, through the Protect Ontario by Building Faster and Smarter Act 2025.
- From January to June 2025, Ontario saw 9,125 rental starts, an increase of 26.5 per cent compared to the same period in 2024. After 2023, this is the second-highest level of rental starts on record for this time of the year.
- To help make way for more housing opportunities and support growing communities, the government is giving municipalities more time to spend funds awarded through the Building Faster Fund, extending the deadline to 2028.
"Our government is taking decisive action to protect Ontario by creating good-paying jobs, housing and the economic conditions to make Ontario the most competitive economy in the G7. The Building Faster Fund is a key part of our plan to help deliver the housing and infrastructure our communities need to grow and thrive in the years ahead."
- Brian Saunderson
Parliamentary Assistant to the Minister of Municipal Affairs and Housing
"Because of the hard work and local leadership by Mayor Quirk and council, Georgina is being rewarded with funding to accelerate investment in housing-enabling infrastructure. Our government is proud to work with the Town of Georgina to make the dream of home ownership a reality for families across our region."
- Caroline Mulroney
MPP for York-Simcoe