HOUSING HIGHLIGHTS:

Create more pathways to home ownership 

• Build 2 million homes within urban boundaries over the next 10 years 
• Allow single family dwellings to be divided into multiple condominium units
• Require municipalities to permit developments with the use of pre-approved building designs
• Identify and plan for mix of unit sizes and housing types
• Increase housing supply and help new homeowners pay down their mortgage by offering zero-interest loans for $25K for homeowners to add affordable rental units onto their primary residence
• Update building codes and land use planning laws, tax powers, and funding programs to incentivise the use of faster, lower-cost, labour-efficient construction methods, and sustainable materials like mass timber, modular factory-built homes, etc
• Increase financial and legal supports for small-scale builders of missing middle and mid-rise infill homes
• Remove development charges on homes, condos, and apartment units built under 2,000 sq ft within urban boundaries
• End the land transfer tax for first-time buyers
• Remove red tape and costs that make purchasing in a unit in a co-housing project challenging
• Implement a multiple property speculation tax on those who purchase more than two houses in Ontario
• Implement a province-wide vacant homes tax
• Implement a provincial anti-flipping tax on quick turnaround sales
• Crack down on money laundering and implement a beneficial ownership registry
• Reinstate rent controls on all units
• Reform the Landlord and Tenant Board

HOUSING HIGHLIGHTS:

Eliminating the Provincial Land Transfer Tax

• This measure targets first-time homebuyers, seniors looking to downsize, and non-profit home builders, potentially saving an average of $13,500 per property.

Abolishing Development Charges on Middle-Class Housing 

• Development charges, which can add up to $170,000 to the price of a new home, would be replaced with a “Better Communities Fund” to ensure sustainable municipal growth.

Establishing the Rental Emergency Support for Tenants (REST) Fund 

• This provincial rent bank would provide short-term, interest-free loans to vulnerable tenants facing financial emergencies, aiming to prevent evictions and homelessness.