The Ontario government has introduced the Protect Ontario by Building Faster and Smarter Act, aiming to streamline planning rules and accelerate the construction of 1.5 million new homes by 2031.
Key highlights:
Simplifying and reducing municipal development charges (MDCs), potentially saving up to $135,000 per home
Investing an additional $400 million into essential infrastructure like water and wastewater projects
Harmonizing building standards to fast-track major projects like the Ontario Line and the Ring of Fire
OREA President Cathy Polan supports these initiatives, stating they are vital steps toward making homeownership more accessible for hardworking Ontarians.
Read the full statement: https://www.orea.com/resources/media-room/press-releases/May-12-2025
