Ottawa Real Estate: City of Ottawa at 22 per cent of target for housing starts in 2024 [Video]

The City of Ottawa will need to get shovels in the ground to be eligible for provincial housing funding this year, with new housing construction starts only at 22 per cent of the target.

A report for the planning and housing committee shows construction started on 2,774 new homes in the first six months of the year.

Ontario’s Ministry of Municipal Affairs and Housing has set a target of 12,583 new dwellings for Ottawa in 2024 to be eligible for funding under the Building Faster Fund. Municipalities will be eligible for funding if they reach 80 per cent or more of their annual housing targets.

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Statistics show construction started on 1,383 new apartment units, 670 row houses, 38 semi-detached homes and 439 single-family homes in the January to June period.

A total of 5,441 dwellings …