The housing supply shortage is a Canada-wide problem, with many elements – such as high interest rates, construction material shortages and rising inflation – adding to the crisis. Our government is following through on our commitment to Ontarians and we are counting on your support as we continue to work to get it done. A housing crisis many decades in the making cannot be fixed overnight.īut More Homes, Built Faster is part of a strong foundation on which 1.5 million homes can be built over the next 10 years – in partnership with municipalities, the private sector, not-for-profits and the federal government. protecting homebuyers and utilizing provincial lands to build more attainable homesĪchieving our goal will not be easy.promoting building up near transit and reforming zoning to create more “gentle density”.reducing the bureaucratic costs and red tape that are delaying construction and pushing home prices even higher.Our policies will provide the groundwork for growth by: Our government has committed to getting 1.5 million homes built over the next 10 years, and More Homes, Built Faster: Ontario’s Housing Supply Action Plan 2022–2023 is the next step to getting there. There simply aren’t enough homes being built.Īnd the solution is equally clear. The housing supply shortage affects all Ontarians: rural, urban and suburban, north and south, young and old. For seniors, looking to downsize, but wanting to stay near their family and loved ones. For newcomers, ready to put down roots and start a new life. For young people, eager to raise a family in a community of their choosing. Yet for too many Ontarians, finding the right home is all too challenging. Ontario is a prosperous and growing province – the best place in the world to call home. Note: More Homes Built Faster Act received Royal Assent on November 28, 2022.
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