Feds, Ontario pool $8.8B for housing infrastructure to cut development fees

The Canadian Press: Prime Minister Mark Carney and Premier Doug Ford joined Mayor Olivia Chow in Toronto to unveil a plan for the province and federal government to each spend $4.4 billion on housing-related infrastructure in the province over the next 10 years.

The funding deal is the first to be announced through the federal government’s $51 billion Build Communities Strong Fund and is meant to help municipalities cut development charges, or DCs, by as much as 50 per cent for the next three years…

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