Ontario Introduces

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By: theBB.group

Ontario Introduces "More Homes, More Choice Act, 2019"

Tags: Residential Real Estate, Market Trends, Government Policy

"The Greater Golden Horseshoe is the economic engine of our province, generating more than 25% of Canada’s Gross Domestic Product. Right now, approximately 9.2 million people, or 25% of Canada’s population, live in this area and that number keeps growing – fast."
 Map Image - Greater Golden Horseshoe, including Greater Toronto Area
"To make sure that our policies put people first, we are updating A Place to Grow: Growth Plan for the Greater Golden Horseshoe. It is the product of a broad consultation where we heard from more than 1,100 people and received more than 650 submissions. We heard the government should facilitate the building of affordable housing options near transit to prevent sprawl and protect agricultural lands. The plan will help manage growth so communities in the region develop in ways that expand economic opportunity, while maintaining protections for our environmentally sensitive areas, including the Greenbelt, cultural heritage assets, and key employment and agricultural lands."

"Across Ontario, there are empty-nesters who want to downsize, but they can’t find or afford the home they need near family and friends. If they could, it might free up a larger home for a young couple looking for a house with more space for their growing family, close to a park and a great school. Instead, everyone feels stuck."

[We hear variations on this theme quite often...for example, "Sure we'd sell...but where would we go?" - theBB.group]

Read the full release here.

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