Ontario's Fair Housing Plan

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Key Details of the Fair Housing Plan

The Ontario government released a set of 16 comprehensive measures aimed at helping Ontarians find affordable homes and bring stability to the real estate market. The OCC applauds the government for taking action to ensure affordability, however we believe that measures should target increasing supply and protecting landlords while encouraging new opportunities for growth.

Key Details of the Fair Housing Plan

Actions to Address Demand for Housing

  • Implement a new 15 percent Non-Resident Speculation tax (NRST) on the price of homes purchased by non citizens or permanent residents of Canada or by foreign corporation

Actions to Protect Renters

  • Expand rent control to all private rental units in Ontario, including those built after 1991

Actions to Increase Supply

  • Introducing a targeted $125 million, five-year program to encourage the construction of new rental apartment buildings by rebating a portion of development charges
  • Providing flexibility to municipalities to use property tax tools to enhance development opportunities
  • Creation of a new Housing Supply Team of dedicated provincial employees with a mandate to identify barriers to housing development projects

Other Actions

  • Working with municipalities to better reflect the needs of a growing Greater Golden Horseshoe through an updated Growth Plan
  • Establish a Housing Advisory Group that will meet quarterly to provide ongoing advice about the state of the housing market and discuss the impact of measures announced in the Fair Housing Plan

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Caledon Chamber of Commerce

The Caledon Chamber of Commerce provides an opportunity for those people who create local jobs and drive the local economy to work with government and the public to build a better community.

The Community Chamber works closely with the Municipal and Regional governments. The Provincial Chamber acts as an umbrella organization to lobby the provincial government on issues of mutual concern to all Chambers, and the Canadian Chamber serves a similar role at a national level.

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