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Ontario  + Canada  + Apartments  | 
The federal and Quebec governments have agreed to invest in 763 new social and affordable housing units in Montreal.

Feds Invest in 2,600 New Hamilton Housing Units

The federal government is investing $93.5 million to fast-track the construction of 2,600 new housing units in Hamilton over the next three years.

The feds and Hamilton have reached an agreement that will spur the construction of 9,000 homes in the Southern Ontario city over the next 10 years, the two governments said in a news release.

Ottawa is making the investment through its $4-billion Housing Accelerator Fund.

The investment is expected to generate hundreds of new rental apartment units and several other multi-residential real estate development projects. The federal government and city said the deal will remove barriers to housing development faster and allow for high-density developments near rapid transit.

The federal government is also investing $59 million the development of 1,700 new housing units in Vaughan, Ont. and $74 million in 2,000 new residences in London, Ont.

Photo: fotografiko eugen /


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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Development
  • ◦Financing
  • ◦Policy/Gov't
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