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How the Wynne government killed the economics of building new rental units
In an attempt to promote the construction of rental properties, Ontario’s Wynne government has announced it will fund 13 Ontario municipalities to rebate local fees for rental housing builders. Queen’s Park hopes that, by giving $125 ...
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Ontario housing measures—too much on demand, too little on supply
The Ontario government yesterday announced a raft of measures aimed at cooling the cost of buying or renting in the Greater Golden Horseshoe. Topping the list—a 15 per cent tax on foreign buyers (conveniently called “non-resident ...
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Expanding rent controls in Ontario will further damage housing affordability
There’s growing interest at Queen’s Park for the expansion of rent controls to address high rents in Ontario’s biggest cities. Most recently, Premier Kathleen Wynne (pictured above) expressed skepticism that a former Ontario government’s ...
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To address skyrocketing home prices, Ontario government could reduce barriers to building
A recent Globe and Mail article highlighted Ontario Premier Kathleen Wynne’s concern regarding Toronto’s skyrocketing house prices. Indeed, the Canadian Real Estate Association reports a 117 per cent increase in home prices across the ...