Ont. receives $447M to invest in infrastructure

The federal government has transferred more than $447 million to Ontario under the Canada Community-Building Fund (CCBF) for the first payment of the 2024-2025 fiscal year to help communities across the province invest in local infrastructure priorities.

This is the first of two payments to Ontario for this fiscal year. The next payment is expected to be made prior to the end of the fiscal year.

This is the first transfer through the recently renewed CCBF agreement with the province. This agreement runs from 2024-2034, and under it Ontario will receive more than $4.7 billion over the next five years, including $895 million this fiscal year.

CCBF provides communities with predictable and flexible funding across 19 different project categories, including drinking water, wastewater, public transit, and community energy systems, and helps them develop the required infrastructure for future housing developments.

“Investments in infrastructure are essential in building more affordable, inclusive, and stronger communities for all Canadians,” said, Sean Fraser, Minister of Housing, Infrastructure and Communities. “With this payment through the Canada Community-Building Fund, communities in Ontario will be able to invest in infrastructure projects that meet the needs of their residents today, and ones that support more housing supply for the future.”