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Ottawa, Ontario pledge $10B to ease municipal infrastructure for housing boom

Source: theglobeandmail.com

Federal and Ontario governments announce billions in funding to help municipalities build more housing.
The deal includes $10-billion over 10 years, with Ottawa covering 60 per cent and Ontario 40 per cent of eligible costs.
It aims to speed up housing construction amid Canada's shortage, but requires cities to meet building targets.

Federal and Ontario governments struck a deal to spend billions helping municipalities afford infrastructure needed for new homes. Housing Minister Sean Fraser and Ontario's Steve Clark announced the agreement, which covers water, wastewater, transit and other services. It tackles Canada's housing crisis by making it cheaper for cities to expand services for more housing. This matters because municipalities often delay projects due to high costs, slowing homebuilding.