Earlier today, the first session of Premier Ford’s second mandate officially began with the Speech from the Throne and the re-introduction of Finance Minister Peter Bethlenfalvy’s 2022 Budget.
The throne speech focused on the same five key pillars that were introduced in the Budget:
- Rebuilding Ontario’s Economy
- Working for Workers
- Building Highways and Key Infrastructure
- Keeping Costs Down
- A Plan to Stay Open
The government used today’s throne speech to reiterate the action being taken through the government’s most recent housing bill, titled More Homes for Everyone, to make sure that all Ontarians are able to find a home that meets their needs and budget. This includes the government’s goal of building 1.5 million homes over the next 10 years.
The speech also mentioned standardizing processes to address barriers to building, reducing timelines for development by empowering municipal leaders in decision-making and expanding transit-oriented communities as three main priorities to support the construction of new homes.
In addition, Housing Minister Steve Clark will be making an announcement tomorrow related to giving municipalities the tools they need to build more homes.
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Disclaimer: The information contained in this post is not meant to be relied upon as legal advice by REALTORS®, or others. Members wishing further clarity or advice should seek independent legal advice specific to their circumstances. Due to the quickly changing regulatory environment during the COVID-19 emergency, this document may not be current or accurate by the time it is read.