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

November 15, 2018

Statement from Tim Hudak re: Fall Economic Statement

Home ownership is a fundamental Canadian value and builds stronger communities. That is why OREA launched the Keep the Dream Alive campaign – to help create the next generation of Ontario home owners. We’re pleased to see the Ford Government following our advice and ensuring the fading dream of home ownership will become a reality for more Ontario women, men and children.

In today’s Fall Economic Statement, Ontario Finance Minister Vic Fedeli announced the Housing Supply Action Plan. The Government will develop a strategy to increase housing supply quickly and responsibly. OREA looks forward to being a key advisor as the Government finalizes the Housing Supply Action Plan to provide solutions to make home ownership more affordable for Ontario families like speeding up approval times, intensifying along transportation corridors and building more missing middle housing. This works builds off the Province’s commitment to build new housing above GO stations – something that OREA has been pushing for since 2017.

The Ford Government committed to increase rental housing supply by exempting new units from rent control. OREA advocated for this change because increased rental supply will be good news for renters looking for more choice in the market as well as mom and pop investors who work with Ontario REALTORS® in achieving financial security for their family.

OREA is pleased to see the Government commit to reducing red tape on businesses by 25%. We look forward to working with the Province to ensure that this work includes implementing Bill 38, the Tax Fairness for Real Estate Professionals Act, 2018 introduced by MPP Bob Bailey. Bill 38 enjoys all Party support in the Legislature and will reduce red tape on real estate small businesses – helping them hire more staff.

- Tim Hudak, CEO for the Ontario Real Estate Association


For more information contact:

Lauren Souch

Manager, Media Relations

LaurenS@orea.com

416-445-9910 ext. 236


More News & Press Releases

articleimage

Statement From OREA CEO Tim Hudak: 2021 Ontario Fall Economic Statement Aims To Tackle The Housing Affordability Crisis

It’s no news to REALTORS® that Ontario is experiencing an unprecedented housing crisis. Housing supply is at historic lows, prices continue to increase dramatically year after year and the salaries of Ontario’s families are not keeping pace.

Read More
articleimage

To Fix the Housing Affordability Crisis, Ontario Should End Exclusionary Single-Family Zoning in High-Demand Areas

The Government of Ontario needs to fix outdated zoning laws to allow conversion of detached properties into much-needed ‘missing middle’ townhomes

Read More
articleimage

2021 Federal Election Shines A Light On Canada’s Housing Affordability Crisis

Ontario’s REALTORS® are thrilled to see housing affordability top-of-mind for all three major Federal Parties

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