The investment from the province help enable the construction of nearly 2,300 new homes in the Town of Cobourg.

The province called the news, “a major milestone in the plan to reduce gridlock and bring faster, more reliable transit to northwest Toronto.”

The way is now paved for the Senators to relocate from their current suburban home in Kanata at the Canadian Tire Centre to a more central location.

The new Williamsburg Community Centre will be a 17,000-square foot facility that will serve as a hub for residents in the Rosenberg and Williamsburg neighbourhoods.

With a year-over-year contraction of 6.9%, Ontario recorded by far the largest drop in employment among the provinces – primarily driven by declining construction of low-rise housing units.