Ontario’s Plan to Build More Homes Faster
As Ontarians face the rising cost of living and a shortage of homes, the government has strong mandate to help more Ontarians find a home that meets their needs and budget.
Everyone in Ontario should be able to find a home that is right for them. But too many people are struggling with the rising cost of living and with finding housing that meets their family’s needs. Ontario needs more housing, and we need it now.
The government introduced the More Homes Built Faster Act, which takes bold action to advance our plan to address the housing crisis by building 1.5 million homes over the next 10 years.
The proposals, if passed, would help cities, towns and rural communities grow with a mix of ownership and rental housing types that meet the needs of all Ontarians – from single family homes to townhomes and mid-rise apartments.
The plan will build more homes near transit, unlock innovative approaches to design and construction, and get shovels in the ground faster.
We have also introduced strengthened consumer protection measures for homebuyers and will use provincial lands to build more attainable homes so that more Ontarians can realize their dream of home ownership.
Ontario’s housing supply crisis is a problem which has been decades in the making. It will take both short-term strategies and long-term commitment from all levels of government, the private sector and not-for-profits to drive change.
That is why we will be releasing a new action plan every year over four years – starting with todays plan – to help build more homes and make life more affordable for Ontario families
Read More: https://news.ontario.ca/en/release/1002423/ontario-taking-bold-action-to-build-more-homes
Learn More: https://news.ontario.ca/en/backgrounder/1002422/more-homes-built-faster-act-2022