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April 6, 2023
Ford government plan to protect and support Ontario’s homebuyers and tenants is key step towards solving affordability crisis.
“From rentals to resales to new builds, finding a great place to call home is something that drives all of us as Canadians. Everyone of us strives to find a safe, affordable place to live, grow, and raise a family. But in order to provide those opportunities, we need to and bring more housing options to market including more quality rentals while ensuring tenants are treated fairly.
That’s why the Ontario Real Estate Association (OREA) commends the Ford Government on the introduction of the Helping Homebuyers, Protecting Tenants Act, which aims to support prospective homeowners, renters, and rental housing providers, while also adopting a targeted approach to deliver on their plan to build 1.5 million homes by 2031.
Ontario’s REALTORS® are pleased to see several proposed solutions to address the housing supply and affordability crisis, many of which align with OREA recommendations:
Ontario REALTORS® commend Premier Doug Ford, Minister of Municipal Affairs and Housing Steve Clark, and Associate Minister of Housing Nina Tangri for bringing these proposals forward and for supporting future homeowners, tenants, and landlords across the province.
The Helping Homebuyers, Protecting Tenants Act builds on the Ford Government’s previous pro-housing bills, and will significantly advance the long-term goal of increasing supply and affordability for Ontario families.
However, further action can still be taken to help end the housing affordability crisis, including continued roll-back of exclusionary zoning across the province, converting underused commercial space to residential housing, and increasing tax breaks for first-time buyers.”
– Tim Hudak, CEO, Ontario Real Estate Association
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Ontario Real Estate Association
Manager, Media Relations
416-445-9910 ext. 246
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