The Ontario government has provided the City of Kingston with $3.2 million in funding as a reward for exceeding its 2024 housing-construction targets.

The money, which is being provided through the second round of Ontario’s Building Faster Fund, provides funding to municipalities that achieve at least 80 percent of their provincially designated housing targets.

Kingston broke ground on 966 new homes in 2024, which works out to 145 percent of its 2024 housing target.

The city will use the funding to build more homes and community infrastructure.

“Kingston has once again surpassed its annual provincial housing target, demonstrating our ongoing commitment to addressing the housing needs of our growing community,” said Kingston Mayor Bryan Paterson. “Investments like the one announced today help us stay focused on facilitating housing construction that is both affordable and accessible.”

Announced in August 2023, the Building Faster Fund is a three-year, $1.2 billion program that is designed to encourage municipalities to speed up municipal approval processes and get more homes built faster.

From January to May 2025, Ontario saw 6,977 rental starts, an increase of 25 percent compared to the same period in 2024. This is the second-highest level of rental starts on record for this time of the year, after 2023.

To help make way for more housing opportunities and support growing communities, the government is also extending the time that municipalities have to spend funds awarded through the Building Faster Fund to 2028.