(AGENPARL) – gio 14 aprile 2022 [Ontario Logo]
NEWS RELEASE
Ontario Making it Easier to Buy a Home
Province receives royal assent for legislation to build more homes and protect homebuyers
April 14, 2022
TORONTO ? Ontario has received royal assent for legislation to support the government’s More Homes for Everyone plan, which delivers both near-term solutions and long-term commitments to build more homes faster to put home ownership within reach for all Ontario families.
– Working with municipalities to identify and enhance measures that will crack down on land speculation and protect home buyers. This is in response to feedback the province solicited from municipalities regarding projects that are approved by the municipality, but unbuilt by the developer.
– Strengthening consumer protections for purchasers of new homes by doubling fines and extending building license suspensions to address unethical conduct by developers, while ensuring penalties for cancelled projects are aligned with the impact on homebuyers. The government will also enable Tarion to extend warranties on unfinished items in a new home.
– Supporting municipalities with resources, tools and standards to provide timely review and adjudication processes by both extending legislated timelines for decisions while focusing the decision-making process. This builds on the province’s investment of up to $350 million through the Streamline Development Approvals Fund, Municipal Modernization Program, and Audit and Accountability Fund to help municipalities implement efficiencies, including in their planning and development approval processes.
– Creating a new tool specifically designed to accelerate planning processes for municipalities. The Community Infrastructure and Housing Accelerator will help municipalities expedite approvals for housing and community infrastructure, like hospitals and community centres, with clear requirements for both consultation and public notice.
“With the passage of the More Homes for Everyone Act, our government is taking the next step in our long-term plan to deliver on the Housing Affordability Task Force’s report, and help more Ontarians realize the dream of home ownership,” said Steve Clark, Minister of Municipal Affairs and Housing. “But there is still more work to be done. As we continue to collaborate with our municipal and industry partners, our government commits to a housing supply action plan every year over four years to deliver gentle density and multi-generational homes in communities across our province.”
Quick Facts
Additional Resources
Media Contacts
Zoe Knowles
Minister’s Office
Communications Branch