London exceeds housing targets for second consecutive year

The City has released its second annual update on Housing Accelerator Fund (HAF) initiatives, reporting major strides in boosting housing supply and making development processes faster and more efficient.

Between September 2024 and September 2025, London issued 4,284 building permits, surpassing its annual housing supply growth target of 3,991. This marks the second consecutive year the City has outperformed its federal target to keep London on track to deliver over 11,800 new housing units by 2026.

“Exceeding our HAF targets two years in a row reflects the strength of London’s partnerships and our shared focus on solutions,” said Mayor Josh Morgan. “Through innovation, collaboration, and determination, we’re creating the conditions for more homes to be built across our city and support affordability.” 

Key HAF-supported initiatives have included:

• Zoning that permits higher-density housing without special approvals for higher-density development near rapid transit routes.
• Office-to-residential conversions have transformed vacant downtown office space into 213 new residential units.
• Transit-Oriented Development Grants have supported more than 1,000 new homes near rapid transit.
• Detached Additional Residential Unit (ARU) loans are helping homeowners add housing options within existing neighbourhoods.
• Partnerships with non-profit providers are creating new supportive and affordable housing options.
• Major infrastructure investments, valued at $9.6 million, are enabling up to 12,000 new homes in key growth areas, including projects on Second Street, Killaly Road, Mud Creek, Oxford Street, and Hyde Park.
• The Highly Supportive Housing (HSH) Program is delivering nearly 250 supportive housing units for individuals at risk of homelessness.
• A Housing Needs Assessment, completed in April 2025, identifies housing gaps and priorities across the continuum to guide future planning and policy.

“London is gaining real momentum,” said Scott Mathers, Deputy City Manager, Housing and Community Growth. “Through smarter investments and fewer barriers, we’re building housing faster and setting the stage for sustainable growth.”

Through the HAF, the Canada Mortgage and Housing Corporation (CMHC) is providing up to $81.4 million to London between 2023 and 2027, distributed over four annual payments.

The City will continue to track housing activity and progress toward HAF targets, ensuring London remains on course to meet growing housing needs.