The federal, provincial, and Toronto governments are investing CAD$975 million to accelerate waterfront development, creating over 14,000 new homes, including affordable rental units. Each government will contribute CAD$325 million, with construction starting in 2026 with the plan that all residents are moving in by 2031. Housing will be built at Quayside and Ookwemin Minising, a new island in the Port Lands. Between 20–30 percent of units will be affordable, depending on the area.
The project is expected to generate 100,000 skilled trades jobs and add CAD$13.2 billion to the economy. Additionally, the federal government will invest CAD$200 million to support the Broadview Eastern Flood Protection project.
Learn more at CBC.