The 2025 Ontario budget is putting major focus on housing affordability and speeding up home construction, with new funding to support faster approvals, factory-built homes, and critical infrastructure upgrades.
The province is investing $400 million in water and wastewater systems through the Housing-Enabling Water Systems Fund and the Municipal Housing Infrastructure Program, aiming to open more land for development and cut red tape.
A further $50 million over five years is set aside to grow industrial capacity for modular or factory-built homes, which the government and industry groups say can offer faster, lower-cost solutions.
The Building Ontario Fund will also receive an additional $5 billion to co-invest in priority projects, including affordable housing and transportation.
The Ontario Real Estate Association (OREA) says the budget reflects the kinds of pro-housing, pro-growth policies they’ve recommended in recent years.
“We’re encouraged to see REALTOR®-led solutions in this budget – especially support for modular construction and fast-tracking approvals,” said OREA President Cathy Polan in a release.
Polan says the association wants the province to keep momentum going by tackling municipal development charges, ending exclusionary zoning, and scaling up innovation in housing delivery.
OREA also thanked Finance Minister Peter Bethlenfalvy and Premier Doug Ford for committing to help more Ontarians find affordable homes, and said it looks forward to continuing its work with all levels of government and the development sector.
More information on the 2025 Ontario budget is available at ontario.ca/budget.
(Written by: Joseph Goden)
