Toronto Real Estate Board Urges Ontario to Reform Zoning to Meet Housing Goals
What happened
The Toronto Regional Real Estate Board is urging the province of Ontario to amend its zoning and building code rules. The board reported that Ontario is projected to fall more than 550,000 homes short of the pace needed by 2029, making the 2031 goal of 1.5 million new homes unachievable.
From wellandtribune.ca
Why it matters
The board argues that regulatory changes are essential to unlock faster housing development, noting that current rules are fragmented and outdated. This puts pressure on Ontario to adjust its provincial regulatory standing to address the housing crisis.
The Ontario government has previously urged municipalities to increase housing construction.
From wellandtribune.ca
Who's involved
- Toronto Regional Real Estate BoardThe board urging provincial changes to zoning and building codes
- OntarioThe province whose zoning and building codes are being called for amendment
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- OntarioSpeculative
Ontario might face increased pressure to amend its zoning and building codes to meet housing supply targets.
Keep exploring
The entities involved
-
Toronto Regional Real Estate Board
Nothing else this week.
-
Ontario
company