City of Peterborough Rewarded $1.88 Million From Provincial Government For Exceeded Its 2023 Housing Target
/After Peterborough exceeded its 2023 housing target and broke ground on 506 new housing units last year, the provincial government rewarded the City with $1,880,000 through the Building Faster Fund, announced at City Hall on Monday morning.
(From left to right) Councillor Leslie Parnell; Dave Smith, Peterborough-Kawartha MPP; Matthew Rae, Perth-Wellington MPP and Mayor Jeff Leal. In 2022, Ontario saw the second-highest number of housing starts since 1988, with just over 96,000 new homes. Ontario also broke ground on nearly 15,000 new purpose-built rentals, the highest number ever on record. pHOTO BY dAVID tUAN bUI.