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

March 7, 2019

Building Around and Above Ontario’s Transit Hubs Is Key to Creating Thousands of New Homes For Ontario Families

Research shows space for four million new housing units close to province’s transit hubs

TORONTO, ON – With Ontario’s home ownership rates on the decline for the first time since Confederation, the Ontario Real Estate Association (OREA) and Ontario Home Builders’ Association (OHBA) are calling on the Provincial Government to take bold action. According to new research released today by Ryerson University’s Centre for Urban Research and Land Development (CUR) and sponsored by OREA and OHBA, implementing as-of-right zoning along Ontario’s 200 major transit hubs would create room for four million new homes in the marketplace.

As-of-right zoning creates a greater range of permitted uses and pre-approves developments up to a certain height. If implemented beside these hubs, it would eliminate an onerous and often political process to build transit-oriented development. Mandating as-of-right zoning along transit corridors would reduce red tape and increase housing supply across the province, creating more affordable choices for Ontario families and first-time home buyers.

Currently, over 2,000 square kilometres of viable land exists around Ontario’s 200 transit hubs, but only 121 kilometres has been re-zoned by municipalities to support higher density transit-oriented communities. Re-zoning transit corridors could create up to 20,000 more affordable homes per year.

“Ontario’s pre-disco, early 1970s era zoning rules just don’t reflect modern consumer demand,” said Tim Hudak, OREA CEO. “Back then, cities were largely building single family homes and suburbs. Today, these out-of-date zoning rules are standing in the way of millennials, young families and the Canadian dream of home ownership.”

“Homebelievers are looking for more housing supply and choice to meet their needs. Across Ontario there is room to add housing along transit lines, but municipalities have not taken full advantage of these opportunities,” said Joe Vaccaro, OHBA CEO. “Now is the time for the province to respond to real housing demand and step in with minimum as-of-right zoning to bring more housing supply and choice to our growing communities.”

The research report – “Transit Nodes in Ontario Have Untapped Development Potential” – was commissioned as part of both OREA and OHBA’s submissions to the Ontario Government’s Housing Supply Action Plan consultation.

-30-

OREA represents 75,000 brokers and salespeople who are members of the 38 real estate boards throughout the province. OREA serves its REALTOR® members through a wide variety of professional publications, educational programs, advocacy, and other services. www.orea.com

OHBA is the voice of the land development, new housing and professional renovation industries in Ontario. OHBA represents over 4,000 member companies, organized through a network of 29 local associations across the province. www.ohba.ca


For more information contact:

Ontario Real Estate Association

Lauren Souch

Manager, Media Relations

LaurenS@orea.com

416-445-9910 ext. 236

Ontario Home Builders’ Association

Kathryn Segal

Communications Manager

Ksegal@ohba.ca

416-443-1545 ext. 231


More News & Press Releases

articleimage

Statement from Tim Hudak, OREA CEO, on the passing of the More Homes, More Choice Act

For the first time in our lifetime, home ownership is on the decline across the country: there is simply not enough supply to meet demand. The Canadian Dream of home ownership has been slipping out of reach for thousands of families, millennials, and new Canadians.

Read More
articleimage

Statement From Tim Hudak, OREA CEO, on Ontario Housing Supply Action Plan

Thousands of young families will sit down at their kitchen tables today pouring over their finances, struggling to figure out how they can achieve what generation after generation before them has done – buy a home.

Read More
articleimage

Surplus and Underutilized Government Lands Key to Home Ownership

As Ontario’s lack of housing supply continues to push home ownership further out of reach for young families and first-time home buyers, provincial housing experts are urging the Ontario Government to leverage the nearly 6,000 public lands across the Greater Golden Horseshoe for housing development opportunities.

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