Log in as a…


Login

NEW!

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

articleimage

July 8, 2020

OREA CEO Tim Hudak Statement on The Covid-19 Economic Recovery Act

TORONTO, ON – Creating jobs and helping families find an affordable place to live must be part of Ontario’s COVID-19 economic recovery. The Government of Ontario’s announcement today of legislation that will fast-track housing construction along transit lines will help hard working Ontarians rebound from the COVID-19 pandemic and bring more affordable housing to those who need it, along with better access to much-needed transit.

OREA would like to congratulate Minister of Municipal Affairs & Housing Steve Clark, Minister Caroline Mulroney, Associate Minister Kinga Surma and Premier Ford on today’s introduction of the COVID-19 Economic Recovery Act which will fast track the planning and delivery of transit infrastructure projects that will help bring the Canadian dream of home ownership within reach for young families, millennials, and new Canadians.

Ontario REALTORS® are also pleased to see this legislation acting on one of our major recommendations to fix the housing supply in this province and protect the dream of home ownership for generations to come. According to research from OREA in partnership with Ryerson University, transit corridors have untapped development potential, with transit-oriented communities being key to unlocking more housing.

We also cannot ignore the economic benefits of these transit-oriented projects, especially during a time like this. Development around transit nodes can bring significant positive economic impacts to communities across Ontario. The combined higher spending on construction and the knock-on effects to the rest of the economy could lift economic activity in Ontario by billions of dollars and create thousands of jobs.

I want to thank Minister Clark, Minister Mulroney, Associate Minister Surma and Premier Ford for their leadership in bringing this legislation forward and helping Ontario get right back on track.

-30-

- Tim Hudak, OREA CEO


For more information contact:

Ontario Real Estate Association

Jean-Adrien Delicano

Specialist, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246


More News & Press Releases

articleimage

Statement From OREA President Sean Morrison: Open Houses Banned in Toronto, Ottawa, Peel And York Region

Today, the Ontario Government announced that open houses will be prohibited in Ottawa, Peel, Toronto and York Region

Read More
articleimage

Statement From OREA President Sean Morrison: OREA Urges Ontario Realtors® To Stop Open Houses Amid Rise In Covid-19 Cases

With cases in Ontario rising, we must continue to limit face-to-face interactions as much as possible and use virtual tools first and to the greatest extent possible.

Read More
articleimage

Ontario REALTORS® Win Big with Personal Real Estate Corporations

A decade of hard work pays off with new PREC Regulation

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