Nearly $1 billion in new funding to speed up waterfront development, including plan for 14K new homes

Toronto's waterfront revitalization plan is set to receive a $975 million investment from federal, provincial, and municipal governments, aimed at developing 14,000 new homes for 25,000 residents, with construction starting in 2026. The project will include 24% affordable housing and is expected to create 100,000 skilled trades jobs, contributing $13.2 billion to the economy. Site servicing work will begin soon, with the first homes anticipated by 2031. The funding has been assured despite potential regulatory concerns.