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

October 25, 2022

Ontario On-Track to Becoming Most Pro-Housing Jurisdiction in Canada with New Bill

“Ontario is in a housing affordability crisis, and we need bold action to save the dream of home ownership for future generations.

The Government of Ontario’s newly announced More Homes Built Faster Act, 2022 is just what the doctor ordered when it comes to getting more homes for families built faster right across the Province.

Today, the Ontario Real Estate Association (OREA) is pleased to see the Ford Government acting on several REALTOR®-led supply solutions. We need more homes built that hard-working Ontarians can afford – and we need them now. These steps will get them built:

  • Rolling back exclusionary zoning - Allowing three units per lot as-of-right is a good first step towards rolling back exclusionary zoning that prevents young families from buying a home in the neighborhood they grew up in. Realtors were one of the first groups to champion ending exclusionary zoning and we are eager to work with the Province to expand it further in the future.
  • Lowering fees for new home buyers – Exempting affordable housing units from development charges and freezing or reducing other charges will help spur more home construction and reduce costs for families.
  • Pushing back on NIMBY forces – Groups who oppose all new housing, often for discriminatory reasons, have become too influential under Ontario’s current planning rules, holding back thousands of homes for families in almost every community. This new legislation reduces the influence of NIMBY groups by limiting tactics that delay, cancel and drive up the prices of homes such as third-party appeals for planning matters. These changes are long overdue.

The over 50 actions in the More Homes Built Faster Act (MHBFA) will go a long way to reversing declining rates of home ownership in Ontario. But more can and should be done. Most of the homes built thanks to the MHBFA will take years to build. Families need help now.

Ontario should give first-time home buyers immediate relief by eliminating the punishing land transfer tax for first-time buyers, or increasing the existing rebate. This tax adds thousands of dollars to a young buyer’s closing costs and increasing the rebate would help hundreds of struggling families today.”

- Tim Hudak, CEO of the Ontario Real Estate Association


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

OREA Celebrates 100 Years of Realtors® Building Stronger Communities

Today, the Ontario Real Estate Association (OREA) is celebrating its 100th anniversary, commemorating the last century of organized real estate.

Read More
articleimage

OREA Statement Regarding Auditor General Report on the Real Estate Council of Ontario

TRESA replaced the decades-old Real Estate and Business Act, 2002 (REBBA) and made Ontario the North American leader when it comes to professional standards, training, and modern tools for real estate professionals. These changes are acting on many of the things recommended by the Auditor General in her report released today.

Read More
articleimage

Level Up Your Real Estate Career at the REALiTY+ Conference

Are you ready to take your real estate career to the next level? Hosted by the Ontario Real Estate Association (OREA), the REALiTY+ Conference is the only real estate conference in Canada offering special access to the biggest industry leaders to help you network and stay on top of emerging real estate trends. It’s all happening at the Beanfield Centre in Toronto on November 22-23, 2022.

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