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April 10, 2024
Today, the Government of Ontario announced the Cutting Red Tape to Build More Homes Act, the Province’s sixth piece of housing legislation since 2018.
“Today, the Government of Ontario announced the Cutting Red Tape to Build More Homes Act, the Province’s sixth piece of housing legislation since 2018.
OREA is pleased to see progress on several important solutions from our recent housing supply report and our advocacy on modular construction, aimed at streamlining approvals and getting more homes built. The solutions include:
Outside of these proposals, other important solutions in the Bill include streamlining approvals for student housing.
There is still work to be done. Any changes to the Ontario Land Tribunal (OLT) should be focused on preventing abuse and eliminate backlog. Similarly, any changes to how municipalities collect and spend development charges cannot increase costs for future homebuyers.
Finally, we are disappointed that two key recommendations by the Province’s own Housing Affordability Task Force (HATF) – strongly supported by Ontario REALTORS® – have not been included in today’s Bill. We need to build more homes on existing properties and allow upzoning along major transit corridors if we are going to address the housing affordability and supply crisis in our province. The Province is making significant investments in transit and passenger rail, and building more homes along those lines is common sense. Eliminating exclusionary zoning and allowing four units, as-of-right, province-wide, is an essential key to unlock affordable homeownership, and several municipalities including Toronto, London, and Barrie, are already leading the way.
We commend Premier Ford and Minister Calandra for the actions put forward in this piece of legislation, but we hope to see them go further. The government needs to keep their foot on the gas with bold action if we are going accomplish the goal of building 1.5 million new homes by 2031.”
- Tim Hudak, CEO of the Ontario Real Estate Association
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Ontario Real Estate Association
Jean-Adrien Delicano
Manager, Media Relations
JeanAdrienD@orea.com
416-445-9910 ext. 246
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