London awarded $11.26M to build housing infrastructure after meeting 2025 goal

What happened

• The City of London will receive $11,263,707 from the third round of the Building Faster Fund after breaking ground on 4,224 new homes in 2025 (90% of its 2025 housing target).

What this means for residents

• The funding is earmarked for infrastructure and community projects that enable more home building and support a growing city.
• The province extended the deadline for municipalities to spend Building Faster Fund awards to 2028.

Other supports mentioned in the release

• Ontario cites recent laws and programs aimed at speeding construction and lowering costs, including the Building Homes and Improving Transportation Infrastructure Act, 2026, and the HST Relief Implementation Act (Residential Property Rebates), 2026.
• The release notes HST removal on new homes from April 1, 2026 to March 31, 2027 could save homebuyers up to $130,000.
• Separate investments include $42 million to London through the Municipal Housing Infrastructure Program, described as enabling over 22,000 new homes.

By the numbers

• $11,263,707: London’s Building Faster Fund award
• 4,224 new homes: London housing starts in 2025
• 90%: London’s achievement of its 2025 housing target
• Deadline extended to 2028 for spending Building Faster Fund awards

Source: Ontario Ministry of Municipal Affairs and Housing news release