The money will go towards the construction of 7.5 km of dedicated median bus rapid transit lanes, 20 sheltered bus stops at 10 locations, and 7.5 km of bike lanes along Highway 2 in Pickering.

Nearly $2 million of the funding is earmarked for critical infrastructure projects, including the replacement of an aircraft rescue firefighting vehicle and airfield rehabilitation.

Dips in demand for residential and non-residential structures saw building construction investment end a winning run that dates back to November 2020.

Canada’s National Housing Strategy is not delivering on expected returns and may require further funding to meet its goals, says a new report from the Parliamentary Budget Officer.

Projects in Ajax, Ottawa and Waterloo Region will share in the funding, with the lion’s share going to developers in Ajax and Ottawa in the form of repayable loans.