The name Lake Ontario comes from the Wendat word Ontariâio, which, appropriately, means âthe lake is beautiful, the lake is bigâ.
The name is more than 400 years old, predating both the Confederation of Canada and the Declaration of Independence of the United States of America.
We know that America is changing. Their trading relationships, their foreign policies, their national monuments, their hydronyms.
Canadians also know that naming reality means calling it Lake Ontario â then, now and always.
Weâre investing in our communities.Â
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That means community centres where your kids can play safely on the weekend.
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It means more hospitals, so you donât have to drive two hours when your child is sick.
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And it means new transit that reduces traffic and cuts your commute home.
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Because building Canada strong starts with building stronger communities.
Build Canada Homes marked a new partnership between the Government of Canada and Housing NWT to get more homes built in the Northwest Territories.
Learn more: https://t.co/toPU4CcnIF
Today, Toronto announced it is reducing development charges thanks to funding from the provincial and federal governments. I thought I'd do a by-the-numbers post to provide some added context.
17%
Torontoâs share of the $8.8 billion province-wide fund for development charge reductions.
40%
The reduction for studio and 1-bedroom homes.
60%
The reduction for 2+ bedroom homes.
2018
The approximate year Torontoâs development charges are being reduced back to.
$661 million
The amount of road works capital projects that will be funded.
$327 million
The amount of water and wastewater infrastructure that will be funded.
$511 million
The amount of transit capacity that will be funded.
25,150
The baseline number of homes expected to be built over the next three years without development charge reductions. That works out to an average of 8,383 homes per year, which is shockingly below the average of roughly 19,600 homes per year from 2016 to 2025.
18,750
The number of additional homes City staff expect the development charge reductions to unlock over the next three years. That is 6,250 additional homes per year, or a 75% increase compared to the baseline average.
$0
The number of dollars developers will receive from todayâs funding announcement.
That last number matters.
Every dollar cities receive to reduce development charges goes to cities, not developers. The funding will be used to pay for infrastructure that everyone in Toronto benefits from, including roads, water, wastewater, and transit.
This is an important reminder that reducing development charges is not about writing cheques to developers. It is about lowering the cost of building homes while still funding the infrastructure needed to support growth.
Welcome back to Canada, President @BarackObama.
Thank you for joining us in Toronto for important conversations on how we can build a better and more just future â and empower more people to build with us.
Itâs going to be a great time to be in the trades.
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Weâre launching the new Team Canada Strong â a nationwide program to recruit, train, and hire up to 100,000 Red Seal workers who will help build the new homes, railways, and ports that will build Canada strong.
Our agreement with the City of Ottawa is the first of its kind â and weâre not slowing down.
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Weâre going to partner with municipalities across Canada to build thousands more homes.
Nous venons en aide aux Canadiennes et aux Canadiens en leur offrant un coup de pouce aujourdâhui et en leur donnant les moyens dâaller de lâavant.
Every Canadian deserves a home they can afford. Today, we moved closer to making that a reality for families in Ottawa.
Through Build Canada Homes, weâre helping build 8 new affordable housing projects - exceeding our target for affordable homes in Ottawa by nearly 10%. Of these, the majority will be beginning construction before the end of the year.
This is how you build more affordable homes at speed and scale across the country.
Today, Build Canada Homes and the City of Ottawa #ON announced eight affordable housing projects that are advancing across the city, totalling over 1,100 rental units.
Strong communities are built on resilient infrastructure.
Through the Build Communities Strong Fund, weâre investing in the foundations that matter most - housing-enabling infrastructure, hospitals, recreation centres, colleges and universities, bridges that keep goods moving, and the water and transit systems our communities rely on every day. This week, 13 projects are underway across the country.
Weâre not just building for today - weâre building for the future.
Today in Brampton, Prime Minister Carney launched the Build Communities Strong Fund and announced its first project â the Embleton Community Centre and Park â the first in a series that will deliver infrastructure to build connected communities. Details: https://t.co/Srnj532Ayw