Mississauga is set to see more than 1,400 new rental units under construction, with 25 percent of those offering affordable or below-market rents. The initiative, backed by the federal Housing Accelerator Fund, marks a significant step toward addressing the city’s growing housing needs.

This new wave of purpose-built rental projects follows the approval of a funding program in July 2024. It provides financial support to both non-profit and private developers, including capital grants for each affordable unit and waivers for certain municipal fees. The goal is to speed up the construction of rental units that are more accessible to residents.