Toronto is set to add 5,600 rental homes with $2.7 billion in federal funding and $703.7 million from the city. Over 3,700 units will be financed through the Apartment Construction Loan Program, and 1,800 homes will be built on city land, including affordable and supportive housing. New policies reduce development charges by 40–60% and defer charges for projects with affordable units, aiming to boost rental supply amid high demand.