No Fresh Housing Initiatives Announced in Ontario Provincial Budget
Today, Provincial Finance Minister Peter Bethlenfalvy tabled the 2022 provincial budget in the Ontario Legislature, titled “Ontario’s Plan to Build”.
Unlike the 2021 budget, which had a firm focus on leading Ontario’s economy through the COVID-19 pandemic through health care and economic measures, this year’s edition doubles down on the Ford government’s commitment to building new housing supply, and takes aim at development timelines.
However, there weren’t any fresh housing initiatives included in the new record $198.6B-budget. Instead, it reiterated recently-announced measures, including the Housing Affordability Task Force’s mandate to build 1.5M homes over the next 10 years.
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Today, Provincial Finance Minister Peter Bethlenfalvy tabled the 2022 provincial budget in the Ontario Legislature, titled “Ontario’s Plan to Build”.
Unlike the 2021 budget, which had a firm focus on leading Ontario’s economy through the COVID-19 pandemic through health care and economic measures, this year’s edition doubles down on the Ford government’s commitment to building new housing supply, and takes aim at development timelines.
However, there weren’t any fresh housing initiatives included in the new record $198.6B-budget. Instead, it reiterated recently-announced measures, including the Housing Affordability Task Force’s mandate to build 1.5M homes over the next 10 years.
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These include the province’s objective to implement a long-term plan to address the housing crisis, as informed by the HAFT’s 55 recommendations. It also re-stated the spend of $19.2M to address the backlog currently experienced by the Landlord and Tenant Board and Ontario Land Tribunal, as well as the $3B spend previously allocated between 2020 and 2022 to support community housing and prevent homelessness, including nearly $1.2B via the Social Services Relief Fund.
“One of the defining affordability challenges of our time is housing. Our province is growing and every year, people from across Canada and around the world choose Ontario to build their careers and raise their families, here in Ontario. But every single year, they’re putting pressure on our housing supply and the dream of homeownership becomes further and further out of reach,” stated Bethlenvalvy in the Legislature. “In fact, as part of our plan, we’ll increase the housing supply by building 1.5M new homes over the next 10 years. It’s time to put more housing options within the reach of families who so badly need them. When we talk about building new homes for families, we say, let’s get it done.”
“One of the defining affordability challenges of our time is housing. Our province is growing and every year, people from across Canada and around the world choose Ontario to build their careers and raise their families, here in Ontario. But every single year, they’re putting pressure on our housing supply and the dream of homeownership becomes further and further out of reach,” stated Bethlenvalvy in the Legislature. “In fact, as part of our plan, we’ll increase the housing supply by building 1.5M new homes over the next 10 years. It’s time to put more housing options within the reach of families who so badly need them. When we talk about building new homes for families, we say, let’s get it done.”
Detached House in Richmond Hill for Sale
Listed for: $1,899,000
4+2 Bedrooms
4 Bathrooms
2 Garage
1 Kitchen
Property Type: Detached, 2-Storey
Building Age: 16-30
Size: 3,000 - 3,500 feet²
Lot Size: 62.73 × 134.71 feet
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For Booking please call:
Hojjatollah Izady
Realtor
HomeLife/Cimerman Real Estate Ltd., Brokerage
647-772-9502
hoizady@yahoo.com
.
Listed for: $1,899,000
4+2 Bedrooms
4 Bathrooms
2 Garage
1 Kitchen
Property Type: Detached, 2-Storey
Building Age: 16-30
Size: 3,000 - 3,500 feet²
Lot Size: 62.73 × 134.71 feet
Premium Pie Lot With Impressive Curb Appeal Across From Ravine, 6 Car Driveway No Sidewalk! $$$ Spent On Reno. New Hardwood Flooring And Staircase With Iron Pickets. Freshly Painted. New Gourmet Kitchen With Kitchen-Aid Ss Appliances, Oversized Centre Island With Breakfast Bar, Quartz Counter. Smooth Ceiling/ Pot Lights On Main. New Chandeliers In Foyer/Staircase. Separate Service Stairs To Bsmt With Rough-In Kitchen/ 2 Bedrooms/3 Piece Bath, Can Be Used As An In-Law/Nanny Suite. Oversized Deck With Seating/Custom Made Cusions. Exterior Potlights In Front. Top Ranking Schools!
For Booking please call:
Hojjatollah Izady
Realtor
HomeLife/Cimerman Real Estate Ltd., Brokerage
647-772-9502
hoizady@yahoo.com
.