By working closely with its partners across Canada, the federal government is ensuring that more Canadians will be able to live near public transit, connecting them to jobs, services, and their communities.
Today, Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities, announced a federal investment of more than $222 million in annual transit funding for communities across Ontario, providing predictable and long-term funding, tied to greater density near transit in the larger cities.
Through the new Canada Public Transit Fund's Baseline Funding Stream, 42 municipalities and transit authorities in Ontario will receive an annual funding allocation based on a combination of population and ridership. This amounts to more than $2.2 billion over ten years for these communities to upgrade, replace, or modernize their public transit infrastructure, and maintain it in a state of good repair.
These investments, beginning in 2026 until 2036, will help increase the housing supply and affordability as part of complete, transit-oriented communities, while helping to reduce greenhouse gas emissions and mitigate the impacts of climate change.
