Canada is set to establish a housing affordability task force to address the hike in prices and number of home sales in Ontario.
Similarly, the task force will also provide recommendations to the minister of municipal affairs and housing.
“We know there is still more to do, which is why we are creating a Housing Affordability Task Force to identify other opportunities to get shovels in the ground faster, remove duplication and barriers, and make housing more affordable for hardworking Ontarians,” director of communications Zoe Knowles said in a statement.
“It will explore measures to support market housing supply and affordability, and provide the government with strategies and advice to continue to address Ontario’s housing crisis.”
The Ontario Real Estate Association said it would like to see the government take several steps to address the housing affordability crisis, including ending exclusionary single-family zoning, doubling the land transfer tax rebate, and making surplus government land available for development.
The government has also proposed to enhance a tax incentive program that encourages the rehabilitation of contaminated land in order to spur more development.