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The province is in the midst of a population boom, expected to grow by more than two million over the next 10 years. The most incredible thing is that 70% of this growth occurs in the Great Golden Horseshoe. To help with the number of people moving into the province, Ford plans to build 1.5 million homes over the next 10 years. This new legislation will help jump-start the number of homes being built as the federal government promises to bring in half a million immigrants each year.
“Our housing supply action plan provides a strong foundation on which 1.5 million homes can be built over the next 10 years. Our government is delivering on our commitment to Ontarians by cutting delays and red tape to build more homes faster,” said Steve Clark, Minister of Municipal Affairs and Housing.
The suggestions presented in the article More Homes Built Faster Act2022, if passed, would ensure that the Greater Golden Horseshoe towns grow with both ownership and rental housing types that meet the needs of all Ontarians.
The legislation describes a plan that includes around 50 different activities. The plan’s policies provide a foundation to build more:
- Cutting government fees and red tape that delay construction and further increase home prices.
- Promoting building near transit and reforming zoning to create more “gentle density.”
- Protecting home buyers and using provincial land to build more affordable homes.
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