RESCON outlines 15 actions governments should take to boost supply of new housing - CanadianInvestor CanadiansInvest
VAUGHAN – The Residential Construction Council of Ontario is calling on all three levels of government to tackle the housing supply and affordability crisis by immediately adopting a series of recommendations aimed at speeding up dysfunctional planning approvals processes, allowing more infill development, lowering taxes, and embracing digitization.
“We are in a full-blown housing crisis on a scale not seen in generations and will only be able to build enough homes for our growing population if governments think outside the box and embrace bold initiatives,” says RESCON president Richard Lyall. “It will require an all-hands-on-deck approach by all three levels of government if we are to provide the housing that’s needed. Today, we are proposing effective and specific solutions that can be put in place quickly to address the problem.
Municipally, RESCON wants major changes so planning and development divisions will have to expedite housing applications and approvals with mandated timelines. The plan also calls for previous increases in taxes, fees and levies, such as development charges, to be reversed or reduced, the development approvals process to be digitized, a prohibition on the use of heritage designations to stop development, and reasonable densification to be allowed, particularly in Toronto.
Federally, RESCON wants an exemption or rebate on HST collected on construction of residential buildings, more tax incentive programs, and an immigration system that permits more foreign-trained skilled workers to come to Ontario. Additionally, the plan suggests more efforts be made to encourage skilled workers to consider relocating to Canada, and that federally owned land be activated for housing.
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