Ontario Investing in Critical Infrastructure
Province supporting municipal water projects to help build more housing and spur economic growth
The Ontario government is investing $200 million over three years to help municipalities repair, rehabilitate and expand critical drinking water, wastewater and stormwater infrastructure. The new funding will support the province’s rapidly growing population, unlock more housing opportunities and spur economic growth.
Ontario’s new Housing-Enabling Water Systems Fund will support growing communities, helping municipalities build critical water infrastructure that would not otherwise get built and bringing the province one step closer to the government’s goal to build at least 1.5 million homes by 2031.
As announced in Ontario’s 2023 Fall Economic Statement, the government is also introducing additional measures to help build critical infrastructure faster and smarter. This includes launching the new Ontario Infrastructure Bank and the building of more rental homes by taking steps to remove the full eight per cent provincial portion of the Harmonized Sales Tax (HST).
The Housing-Enabling Water Systems Fund is part of the Ontario government’s most ambitious capital plan in the province’s history to invest in infrastructure that will support growing communities and ensure that infrastructure is built for today and for generations to come. Eligible municipalities will be able to nominate housing-enabling water and wastewater projects through the Housing-Enabling Water Systems Fund in early 2024.
Read more: Ontario Investing in Critical Infrastructure | Ontario Newsroom