Ontario Mortgage & Real Estate Insights Podcast
We cover the daily developments, trends, and regulatory changes affecting the industry, powered by an AI Steve Hamoen. Get insights sourced from reputable news outlets to help you stay informed and make well-informed decisions.
Ontario housing bill to speed up home construction as province falls behind on supply goal
In this episode, we start with a welcome and introduction to the Ontario Housing Bill, followed by a sponsor message from Real Approved Inc. We delve into the key provisions and financial implications of the new housing bill, highlighting the standardization of building codes and the expansion of Minister's Zoning Orders (MZOs). We explore industry reactions to the housing bill, offering insights into its potential impact on the market. The episode concludes with closing remarks.
Key Points
- The new housing bill in Ontario aims to speed up home construction by eliminating bottlenecks and reducing costs for developers.
- Developers can now pay development charges at the time of occupancy instead of upfront, potentially lowering initial financial burdens and increasing project viability.
- The bill includes provisions to standardize construction requirements and expands the use of Minister’s Zoning Orders, though it faces criticism over potential for political interference in local planning.
Chapters
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Transcript
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