Building the Homes Ontarians Need

April 6, 2023

This government has made real progress in tackling Ontario’s housing supply crisis, with current housing starts remaining above historic averages.

We remain steadfastly focused on Ontario’s housing supply, and we know more needs to be done. That is why we are taking further action to ensure we are ready to build more homes as market conditions improve.

The Helping Homebuyers, Protecting Tenants Plan includes actions that will:

Improve service standards and continue to reduce active applications and decision timeframes at the Landlord and Tenant Board.

Further strengthen protections against evictions due to renovations, demolitions and conversions, as well as those for landlord’s own use, as well as clarify tenants’ rights to install air conditioners.

Expand deposit insurance for First Home Savings Accounts to Ontario at credit unions, and explore a cooling-off or cancellation period on purchases of newly built freehold homes, as well as mandatory legal review of purchase agreements for all new home purchases.

Freeze 74 different provincial fees at the 2023-2024 level. This includes fees that directly or indirectly increase the cost of housing.

We will continue to take a responsible, targeted approach to deliver our plan to build 1.5 million homes by 2031, while laying a strong foundation to make life easier and more affordable for people across the province.

Learn more: https://ontario.ca/page/helping-homebuyers-protecting-tenants