Ontario proposes major housing plan in Golden Horseshoe

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Builders have often blamed the laws and greenbelt for the escalating cost of owning a home in the GTA and beyond, now Ontario is proposing changes to the Greater Golden Horseshoe’s growth plan that would make it easier and faster to build housing. This plan would happen without affecting the Greenbelt.

The proposed changes to the growth plan include some eased density targets.

The government says the current vacancy rate in Toronto is close to one per cent, and two to three per cent is generally considered to represent a balanced rental market.

Members of the public have 45 days to comment on the proposals on the province’s regulatory and environmental registries. This will no doubt be a contentious issue that will pit those in favor of more dense housing against those in keeping the status quo. -CINEWS

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