Mississauga is set to see a major housing surge thanks to a $112.9 million federal investment. This funding, unlocked through the Housing Accelerator Fund, will bring over 3,000 new homes to the city within three years, a significant step in tackling its growing housing crisis.
The agreement supports eight initiatives in Mississauga’s housing action plan, focusing on both affordable housing development and diversifying housing options with more fourplexes, triplexes, and townhouses.
“This is a monumental moment for Mississauga,” declared outgoing Mayor Bonnie Crombie. “It’s the largest housing investment from any level of government in our city’s history.”
The city expects this boost to lead to permit approvals for over 13,000 new homes by 2026. “With our population nearing 1 million in the next 30 years, acting quickly is crucial,” Crombie emphasized.
This investment signifies a significant step towards addressing Mississauga’s housing needs, offering hope for more diverse and affordable housing options in the future.
