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May 18, 2017

Statement from OREA CEO Tim Hudak on Ontario’s Growth Plan Updates

“Over the past few months, we’ve met with government bringing forth a number of ideas to ensure the dream of homeownership stays within reach for Ontarians. We’re pleased to see there's a focus on increasing housing supply and more choice on types of housing.

Ontario Realtors called for an end to the one-size-fits-all planning approach that limited housing choices for consumers. It’s best for local municipalities to reflect local market demand. Municipalities that have the space will now be able to accommodate ‘missing middle’ housing types like townhouses, stacked flats or mid-rise buildings, creating more affordable choices for first-time buyers, young families and down-sizers.

Now that the plan is in place, it’s important now more than ever for the province to work with developers to get building more homes for Ontario families.”

Tim Hudak, CEO for the Ontario Real Estate Association


Jamie Hofing

For more information contact:

Jamie Hofing

Senior Manager, Public & Media Relations

jamieh@orea.com


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Statement from CEO Tim Hudak on government expert housing forum

Back in March, the Ontario Real Estate Association together with the Ontario Home Builders’ Association urged the Provincial Government to create a housing experts task force to provide ideas for increasing housing supply in Ontario. The Government responded, and today OREA’s president Ettore Cardarelli is participating in the expert housing forum.

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Statement from CEO Tim Hudak re: Non-resident speculation tax data

“We are pleased to see the government collecting and publishing these numbers. It is always important for public officials to make policy decisions informed by good data. Today’s release of foreign buyers’ data reiterates the findings found by the Toronto Real Estate Board from earlier this year."

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Born in Canada or not, Ontarians stand united on the value of home ownership

A large majority of Ontarians born outside of Canada say that home ownership is important to them (80%), slightly outweighing those born in Canada by five points (75%), shows new research from Ipsos for the Ontario Home Ownership Index

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