Statement on Canada–Ontario Housing Infrastructure Funding Announcement
The City of Cambridge is aware of the announcement by the Governments of Canada and Ontario regarding proposed investments tied to municipal development charge reductions intended to support housing construction and affordability.
The City will take the time necessary to carefully review the details of the program, assess its financial implications, and determine whether participation would be in the best interests of Cambridge residents.
"Cambridge has consistently advocated for growth-related infrastructure to be funded in a way that is fair, sustainable, and does not place additional pressure on existing taxpayers,” said City Manager Rob Axiak. “We welcome the opportunity to review the details of this announcement and will undertake a thorough assessment of the program's financial impacts, infrastructure funding requirements, and long-term implications for our community before making any decisions."
As one of Ontario's fastest-growing communities, Cambridge continues to invest in critical infrastructure including roads, water and wastewater systems, parks, recreation facilities, emergency services, and community amenities required to support growth.
“Cambridge taxpayers cannot be expected to absorb additional costs through higher property taxes and any program we participate in must ensure that the financial burden is not shifted onto existing residents,” said Mayor Jan Liggett. “We also want to see a clear and transparent mechanism that ensures any reductions in development charges are actually passed through to home purchasers and in fact contribute to improved affordability.”
The City of Cambridge will continue to monitor program details as they become available and will work with municipal, provincial, and federal partners to ensure any future participation supports housing objectives without compromising the City's financial sustainability or creating additional costs for local property taxpayers. Additional details will be shared with our community as more information becomes available.
