The Ford government is unveiling a strategy to help get 1.5 million homes built over the next decade.
The plan includes around 50 actions Housing Minister Steve Clark says will meet the province’s housing needs in the long term.
“Our government stands for what it takes to help meet the demand of housing, with a plan aimed at solving the housing supply crisis in the long-term,” says Clark.
Actions in the plan include:
- Creating a new attainable housing program to drive the development of housing. Sites across all regions of Ontario will be considered, including those in the north, central, east and southwest regions.
- Increasing the Non-Resident Speculation Tax rate from 20 per cent to 25 per cent to deter non-resident investors from speculating on the province’s housing market and help make home ownership more attainable for Ontario residents.
- Freezing and reducing government charges to spur new home construction and reduce the costs of housing.
- Building more density near transit, unlocking innovative approaches to design and construction, and removing red tape to get shovels in the ground faster.
- Increasing consumer protection measures for home buyers and consulting on ways to help more renters become homeowners.
“For too many Ontarians, including young people, newcomers, and seniors, finding the right home is still too challenging. This is not just a big-city crisis: the housing supply shortage affects all Ontarians, including rural, urban and suburban, north and south, young and old,” says Clark.
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