May 3, 2019 -- After months of consultations with stakeholders and thousands of submissions from residents, the Ontario government announced this morning their comprehensive Housing Supply Action Plan, which is intended to cut red tape; build more housing, including the right mix of housing types; and increase the number of affordable homes.
TREB and OREA have been involved in this process through submissions and working groups, and many of our industry recommendations are reflected in the Plan.
Branded as "More Homes, More Choice," the Action Plan changes are meant to increase supply and deal with the housing affordability challenges as the government is looking to amend 13 government Acts (including the Growth Plan for Greater Golden Horseshoe, the Planning Act, Ontario's Building Code, and the Development Charges Act to name a few). For the complete news release, please click here.
TREB applauds the government for taking this bold action, ensuring that our city, region and province have an adequate supply and appropriate mix of housing. We look forward to continue working with the government as this Plan moves into its implementation phase.
We will continue to report on the progress as the Plan is being put into action.