Opinion: In the lead-up to the municipal election on Monday, Oct. 24, all residents of Ontario, especially those in the GTA, need to ask their candidates how they will champion concrete steps to address the housing challenge.
Experts, the industry and governments all agree that Ontario’s current housing crisis — centred on the GTA — is firmly rooted in insufficient housing supply.
The target of 1.5 million new homes was set out in the report of Ontario’s Housing Affordability Task Force in February, and was confirmed in a report by Smart Prosperity Institute this month. For context, building 1.5 million new homes in a decade will require increasing the number of annual housing starts in Ontario by 50 per cent over the highest number we have been able to achieve since 1987 — approximately 100,000 in 2021 — and maintaining that level for 10 years.
These recommendations would help speed up the delivery of new homes, reduce the costs incurred by individual new homeowners and ensure that new communities have the infrastructure they need to support growth.
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