The Ford Government introduced the More Homes Built Faster Act, 2022 ("MHBFA”) - their third housing supply bill in the last 5 years.
This is the second major pro-housing announcement of 2022 under Premier Doug Ford, and Ontario is on-track to becoming one of the most pro-housing jurisdictions in Canada.
The MHBFA includes five major REALTOR® recommendations including:
Enabling and expediting additional residential units in existing residential areas (OREA Recommendation)
As-of right zoning for higher density around transit (OREA Recommendation)
Limiting the influence of NIMBY groups by preventing third-party appeals for all planning matters (OREA Recommendation)
Consulting potential Rent-To-Own arrangements (OREA Recommendation)
Making available at least 4 surplus government-owned properties as pilots for attainable housing (OREA Recommendation)
A policy review of Ontario’s growth plan to create 1.5 million homes
Providing a tiered discount on Development Charges for purpose-built rental units, as well as a Development Charge and Community Benefits Charge exemption for affordable housing and inclusionary zoning units. # SANDI HALPERN # REAL ESTATE # SOLD #LEASED #MORE HOMES
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