Carney and Chow Unveil Housing Plan | Toronto News

Prime Minister Mark Carney and Toronto Mayor Olivia Chow are set to unveil bold new plans today at 2:30 PM ET to tackle the city’s affordable housing crisis, just as a major federal funding stream for Toronto Community Housing is about to expire. With over half their budget reliant on this funding — now projected to leave a $3 billion shortfall between 2026 and 2035 — the announcement comes amid Ontario’s broader failure to meet its 1.5 million-home target by 2031. This historic joint appearance also follows the federal government’s rejection of Ontario’s Billy Bishop airport expansion plan, making today’s housing push even more significant. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2d80dd50977ef30b