Ontario awards Belleville housing fund payment as city exceeds 2025 target

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Belleville surpasses 2025 housing target

Highlights

Belleville receives C$1.24 million from Ontario’s Building Faster Fund after exceeding 80 percent of its 2025 housing target.
Ontario’s C$1.2 billion Building Faster Fund incentivizes rapid residential development by awarding municipalities that surpass housing targets through infrastructure financing.
The province’s housing measures include the C$8.8 billion Canada-Ontario Partnership to Build and up to C$130,000 HST removal per new home from April 2026 to March 2027.

Belleville funding tied to housing performance

As reported by Ontario Newsroom, the provincial government says Belleville qualifies for the latest Building Faster Fund allocation because it achieved more than 80 percent of its designated housing target and exceeded that benchmark in 2025.

Ontario says the C$1.24 million will support new housing and related community infrastructure in Belleville. Housing Minister Rob Flack says the province is backing municipalities that move projects forward more quickly, while Mayor Neil Ellis says the funding will help the city keep infrastructure and services aligned with local growth.

The Building Faster Fund was announced in August 2023 as a three-year program worth up to C$1.2 billion. It is designed to reward municipalities that make significant progress toward housing targets by helping finance the infrastructure needed for larger and faster residential development.

Broader housing push across Ontario

The Belleville payment also fits into Ontario’s wider effort to accelerate homebuilding through regulatory and fiscal measures. The province says it is streamlining development processes and lowering costs through the Building Homes and Improving Transportation Infrastructure Act, 2026 and the HST Relief Implementation Act (Residential Property Rebates), 2026.

Ontario has also introduced the Development Charge Reduction Program under the Canada-Ontario Partnership to Build, an initiative valued at up to C$8.8 billion over 10 years for housing-enabling infrastructure. The province says municipalities that reduce and maintain lower development charges are expected to receive priority, while the removal of the HST on new homes from April 1, 2026 to March 31, 2027 is projected to cut up to C$130,000 from the cost of a new home.

Tyler Allsopp, MPP for Bay of Quinte, says Belleville’s outperformance on its 2025 target triggers another year of provincial support for growth-related infrastructure. He says the city is receiving this funding for a third straight year as Ontario seeks to increase housing supply in fast-growing communities.

In our earlier article on Canada’s World Youth Skills Day 2026 workforce plan, we covered Ottawa’s push to expand the skilled-trades pipeline to support housing construction and major infrastructure needs. The plan includes recruiting, training and hiring up to 100,000 new Red Seal trades workers over five years, alongside paid youth placements and broader skills programs aimed at filling labour gaps in construction and high-demand sectors.

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