TORONTO — Ontario is proposing to speed up the creation of student housing and allow municipalities to enact "use it or lose it" policies to force movement on stalled developments, in a new bill aimed at cutting so-called red tape in the home building system.
Calandra has previously indicated that Ontario needed to be building at least 125,000 homes this year, ramping up to at least 175,000 per year in the near future.The new bill would eliminate a requirement to have a minimum amount of parking for developments near major transit stations, limit third-party appeals to the Ontario Land Tribunal, and allow municipalities to more quickly increase development charges that builders pay on market housing that doesn't qualify as affordable housing.
Calandra and Premier Doug Ford have repeated that sentiment often in recent days as fourplexes have become a flashpoint in Ontario politics and housing policy. This bill would amend the law that would have broken up the upper-tier region to instead task the transition board initially responsible for overseeing that municipal divorce with considering how to make Peel Region more efficient. -- Copper’s rally stalled after US inflation numbers came in slightly above expectations and caused futures of the wiring metal to retreat from highs not seen since January 2023.