The housing supply and affordability crisis are pushing the dream of homeownership further out of reach for Ontario families.
Last month, OREA released their latest policy report, Analysis of Ontario’s Efforts to Boost Housing Supply. The report outlines 10 action items, based on the recommendations of Ontario’s Housing Affordability Task Force, that will increase housing supply and address the housing affordability crisis. Actions include:
Allowing water and wastewater services to be provided through a municipal services corporation, lowering up front costs of purchasing a new home by up to $50,000;
Supporting commercial-to-residential conversions with greater density along transit corridors; and
Ending exclusionary zoning to unlock more housing supply in existing communities.
Together, all 10 action items would improve affordability and create future generations of homeowners. Read more in last week's Toronto Star op-ed by OREA CEO Tim Hudak.
Please encourage your MPP to take bold action to build more homes.