Log in as a…



We’ve partnered with CREA to help improve your member experience and give your information the best security possible.

You will be returned to OREA once you have successfully logged in.

Login as a Member

We can help


April 7, 2022

Increasing Housing Supply Should Be the Focus of The Government

Statement from OREA CEO Tim Hudak on the federal government’s budget

It’s no question that increasing housing supply is the only solution to the housing affordability crisis. To help families achieve the Canadian dream of home ownership, the government needs to focus on building more homes that people can afford.

While there are many things in the federal government’s budget that will go a long way in helping people find great places to live, namely the first-time home buyer assistance, the tax initiatives, and incentives for municipalities, the budget also proposes taking away choice and property rights of Ontario’s 3.5 million homeowners.

The proposal to change a process that both REALTORS® and consumers know and trust undermines consumer choice. It would also add more red tape to home selling and further restrict the number of homes on the market. The government should not be telling people how to sell their home. A home is a family's greatest asset – it’s where they raise families, create memories, and save for retirement – they should have the choice of how they want to sell their home.

We commend the commitment to provide billions in municipal incentives to accelerate home-building, which will go a long way in addressing affordability in high-demand, high-growth areas. In addition, the billions earmarked for affordable and co-operative housing will add much-needed supply and choice in the market.

The budget’s proposal to add a new home renovation tax credit will ensure generations of families can stay in the home they love and help seniors age where they are comfortable. It also proposes a new tax-free savings account that would support first-time home buyers who are struggling to save for a down payment. These proposals are recommendations that OREA has made in recent years, so we’re excited to see this in the budget.

But the commitment to ban the traditional offer process is a massive step back. It would unfairly target the financial nest egg of hundreds of thousands of families across the province and would do very little to make housing more affordable.

- Tim Hudak, CEO of the Ontario Real Estate Association

For more information contact:

Ontario Real Estate Association

Jean-Adrien Delicano

Specialist, Media Relations


416-445-9910 ext. 246

More News & Press Releases


Statement on the Ontario Government’s newly introduced Strong Mayors, Building Homes Act

Ontario’s REALTORS® have continued to call for more action to create a new generation of homeowners by increasing housing supply and building more homes people can afford. The Ford Government’s newly introduced Strong Mayors, Building Homes Act is critical and overdue step towards solving the housing affordability and supply crisis.

Read More

Use Of Mass Timber and Improved Site Planning in Newly Enacted Provincial Regulations Will Help Get More Affordable Homes to Market, Faster

Ontario’s REALTORS® have continued to call for more action to increase housing supply across the province, and we are pleased to see the Ford Government further reducing red tape around development, construction, and site planning, allowing more homes to market, faster.

Read More

Strong Majority of Ontarians Want Oversight of Real Estate Auction Companies to Strengthen Consumer Protection

When it comes to making the biggest financial purchase of your life, Ontario’s families deserve to have full confidence in the home buying and selling process, and that includes trusting that the professional by your side has the highest professional standards, training, and modern tools.

Read More
Back to News & Press Releases
To MP Survey
OREA Contract