10 Ways to Make Ontario Housing More Affordable
- Higher housing supply to meet demand. Dashboard to ensure new housing and public transportation targets are met to welcome more than 300,000 new immigrants each year
- Zoning for higher density along transit lines. More residential mid-rise buildings between 4 to 8 storeys high like Paris and Barcelona. More options to convert a single residential dwelling to 2-4 units
- Simpler, clearer, and faster process for building permits and inspections
- Increase construction capacity with more skilled trades through immigration, modern workshops in high schools, advanced robotics, and off-site construction
- Reduce taxes, fees, and developmental charges (DCs); now up to 30% on new housing. DCs increase new house prices and are hidden taxes whereas property taxes are visible and don't increase house prices.
- Prioritize purpose-built rentals and apartment buildings
- Loans up to $300,000 at 1% interest to build a legal basement apartment
- 25% government funding towards non-profit housing and co-op housing
- Each year, the Ontario government should buy 5,000 housing units for the less fortunate, versus renting units from private landlords. With time, overall cost to provide subsidized housing will decrease
- Higher building standards (windows, insulation, heat pumps) to reduce energy use and loss and noise that leads to sleep deprivation. Better inspections to reduce building deficiencies and repairs
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