The province of Ontario announced the details of its More Homes, More Choice: Ontario’s Housing Supply Action Plan, and it immediately received praise and support from leaders in the new home industry.
The key to building more affordable housing lies in the availability of public surplus lands, which is government owned land that is “vacant or underutilized, that is no longer needed to deliver government goods and services (Infrastructure Ontario).
The provincial Budget was tabled last week. I was hoping for more details on the Housing Supply Action Plan, but we were simply reminded again that the Plan is in the works and will somehow increase housing supply in Ontario.
At the end of last week, Doug Ford’s government tabled its first Budget. We listened in via livestream and flipped through the Budget online, but we couldn’t find much regarding the Housing Supply Action Plan or housing affordability in Ontario.
To get a better grasp on the housing market, we reached out to some industry professionals to get their opinions on a few hot topics. Our first Q&A was with Ben Myers, President of Bullpen Research & Consulting Inc.