Statement from Tim Hudak, OREA CEO, on the passing of the More Homes, More Choice Act

“For the first time in our lifetime, home ownership is on the decline across the country: there is simply not enough supply to meet demand. The Canadian Dream of home ownership has been slipping out of reach for thousands of families, millennials, and new Canadians.

Ontario REALTORS® have been calling for bold action to Keep the Dream Alive for over three years, and today, help has finally arrived with the passing of the Ford government’s More Homes, More Choice Act.

This legislation will make it easier for more homes to be built across the province, and embraces 8 of the 10 ideas Ontario REALTORS® put on the table, including:

• Fostering development next to and above major transit stations,
• Speeding up the housing approval process, reducing red tape and controlling development charges,
• Building more secondary suites, and
• Unlocking surplus government lands for housing development, including owned homes, rentals, and social housing.

Ontario REALTORS ® applaud Steve Clark, Minister of Municipal Affairs and Housing and the Ford government for their leadership in helping create the next generation of Ontario home owners.”

- Tim Hudak, CEO, OREA