Prime Minister Mark Carney announces the federal government will invest at least $2.7 billion to support the construction of additional rental housing in Toronto. According to reports, the funding is intended to back more than 18 housing projects across the city. The Globe and Mail reports the plan includes the building of more than 5,600 new rental homes. Of those, at least 1,800 are described as affordable or rent-controlled. City News Toronto similarly frames the announcement as a federal investment of at least $2.7 billion tied to multiple projects in Toronto, but it emphasizes the number of projects rather than the total housing count. The Winnipeg Free Press also notes the federal government’s commitment of $2.7 billion aimed at building rental homes in the city. Across the sources, the common elements are the amount pledged, the focus on rental construction in Toronto, and the inclusion of affordability or rent-controlled units within the overall housing target. The reports do not provide further details in the excerpts on timelines, eligibility, or funding mechanisms.