Month: February 2022

Feb 8, 2022: Ontario’s Plan To Build 1.5 Million Homes Isn’t Possible, After Peak Demand: BMO-Better Dwelling

A prominent skeptic of Ontario’s ambitious housing plan has emerged — Canada’s oldest bank. The province’s Housing Affordability Task Force released a plan to build 1.5 million homes over 10 years. BMO senior economist Robert Kavcic dumped a bucket of cold water on the plan. Not only does the bank say it doesn’t make sense, they hint it sounds like Ontario’s last real estate bubble

Feb 8, 2022 ‘I’m a bit concerned,’ Barrie’s mayor flags issues with housing task force recommendations-CTV News

Barrie’s mayor is cautioning against cutting out the input of residents and municipalities in the race to build more than 1.5 million housing units in the next decade.

On Tuesday, a housing affordability task force appointed by the province issued 55 recommendations to wrestle down the cost of housing and boost supply.

The group recommends eliminating municipal policies that prioritize preserving “neighbourhood character” and exempting projects of 10 units or fewer from public consultation when they only need minor variances and limiting municipalities from hosting talks beyond what is required in the Planning Act.