2.12.21 - “In close partnership with municipalities, a re-elected PC government will also update its Housing Supply Action Plan annually to identify and implement additional levers that will get more homes built faster”
In August 2022, the Ford government introduced legislation that if passed would give mayors in Toronto and Ottawa more powers to build housing. This suggests action is being taken on the Housing Supply Action Plan, and to specifically identify levers that may help get more homes built. This promise is considered in progress.
“The Ontario government introduced legislation that would give the mayors of Toronto and Ottawa more responsibility to deliver on shared provincial-municipal priorities, including building 1.5 million new homes over the next 10 years.”
“To prioritize Ontario families and homebuyers, we are increasing the Non-Resident Speculation Tax rate from 15 to 20% and expanding the tax to apply provincewide effective March 30, 2022. […] We will also consult on potential measures to address concerns related to land speculation. For example, we will be exploring ways to discourage construction slowdowns that may be artificially driving up prices of new homes for Ontario families through land speculation.”