Ontario and Toronto announce more new homes near 120 major transit stations

The Government of Ontario has approved a plan for density and height increases near 120 transit stations across the City of Toronto. These amendments to Toronto’s official plan, developed in consultation with city officials, allow for greater density and taller buildings near transit, making it possible to build over 1.5 million more homes throughout the city over the next 25 years.

“I commend Mayor Chow for partnering with us on a bold, shared vision, one where more people can work, live and raise their families right here in Toronto,” said Rob Flack, Minister of Municipal Affairs and Housing. “The changes we are announcing today, along with our government’s latest legislation, are vital steps in our plan to protect Ontario’s future by getting shovels in the ground and building homes faster to meet the needs of our growing population.”

These amendments to Toronto’s official plan, made in collaboration and consultation with the city, will help more people find a home they can afford and will reduce gridlock in the city by making it more convenient for people to use transit. In the face of U.S. tariffs and economic uncertainty, these changes will also drive economic growth in Toronto by creating tens of thousands of jobs in construction and the skilled trades.

“Toronto needs more affordable housing,” said Olivia Chow, Mayor of Toronto. “We are tackling the housing crisis by cutting red tape to build more homes near transit to support our city’s growth. By building near transit stations, we are providing new residents with convenient and reliable transit options – ultimately getting drivers off the road, reducing gridlock and getting Toronto moving. Thank you to the provincial government for your partnership as we build for the future in Canada’s largest city.”

As part of this investment, in June Ontario awarded $67.2 million to the City of Toronto through the second round of the Building Faster Fund, which provides funding to municipalities that achieve at least 80 per cent of their provincially designated housing targets.

“Our government is investing $70 billion in the largest subway expansion in Canadian history to protect our economy in the face of U.S. tariffs and tackle gridlock,” said Prabmeet Sarkaria, Minister of Transportation. “By building more housing near transit stations in Toronto, we’re putting new residents within walking distance of fast, reliable public transit to keep people moving.”

Featured image: (Government of Ontario)

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