(AGENPARL) - Roma, 5 Agosto 2026 - City of Toronto Media Relations has issued the following:
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Today, the City of Toronto and the Government of Canada announced that Toronto is receiving up to $2.7 billion to accelerate housing supply and support new purpose-built rental housing. The City is also investing $703.7 million in funding and financial incentives to unlock these projects. Through this joint investment, 5,600 rental homes will be delivered in neighbourhoods across the city, marking another significant intergovernmental commitment to address the housing crisis and improve affordability for Toronto residents.
This investment builds on the City's continued commitment to developing new housing opportunities, helping deliver more homes for current and future residents.
Intergovernmental partnership to build more homes