Federal, Ontario Governments Pledge $8.8B to Cut Municipal Development Charges

Prime Minister Mark Carney makes an announcement regarding housing and affordability at a new condo development in Toronto on March 30, 2026. The Canadian Press/Nathan DenetteOntario and Ottawa will spend just under $9 billion to cut development charges in municipalities across the province by up to 50 percent in a bid to revitalize a struggling housing market.The federal and provincial governments are set to spend $4.4 billion each over the next decade on housing-related infrastructure in Ontario, Prime Minister Mark Carney and Premier Doug Ford announced March 30 at a joint press conference in Etobicoke.