Northern Ontario Construction News staff writer
The Ontario government says it is rewarding North Bay with $336,000 through the third round of the Building Faster Fund, which pays municipalities that achieve at least 80 per cent of their home building targets.
In 2025, North Bay broke ground on 113 new homes, exceeding its annual target by 13 per cent, the province said in a statement. The funding will help the northeastern Ontario city build more homes and community infrastructure.
“We applaud the work of partners who are working alongside us to get shovels in the ground,” said Rob Flack, Minister of Municipal Affairs and Housing. “Although this is the third and final year of the program, we will continue supporting municipalities with funding for housing-enabling infrastructure through measures like the Development Charge Reduction Program.”
As part of the up to $8.8 billion Canada-Ontario Partnership to Build, Ontario has introduced the DC program to provide funding for housing-enabling infrastructure projects over 10 years. Funding is being prioritized for municipalities that reduce and maintain reductions on development charges.
Announced in August 2023, the Building Faster Fund is an up to $1.2 billion program that aims to help municipalities build more homes faster. The fund rewards municipalities that make significant progress toward their housing targets by providing funding for infrastructure to support new housing.
“North Bay is once again taking action to build homes so families can achieve their dream of homeownership,” said Vic Fedeli, MPP for Nipissing. “We would like to thank the city for their impressive housing starts and for ensuring that our residents have an affordable place to call home.”