List of housing measures proposed by Ontario government

Housing measures proposed by Ontario government

TORONTO — The Ontario government has announced what it calls a comprehensive housing package aimed at cooling a red-hot real estate market. Here are the 16 proposed measures:

— A 15-per-cent non-resident speculation tax to be imposed on buyers in the Greater Golden Horseshoe area who are not citizens, permanent residents or Canadian corporations.

— Expanded rent control that will apply to all private rental units in Ontario, including those built after 1991, which are currently excluded.

— Updates to the Residential Tenancies Act to include a standard lease agreement, tighter provisions for “landlord’s own use” evictions, and technical changes to the Landlord-Tenant Board meant to make the process fairer, as well as other changes.

— A program to leverage the value of surplus provincial land assets across the province to develop a mix of market-price housing and affordable housing.

— Legislation that would allow Toronto and possibly other municipalities to introduce a vacant homes property tax in an effort to encourage property owners to sell unoccupied units or rent them out.

— A plan to ensure property tax for new apartment buildings is charged at a similar rate as other residential properties.

— A five-year, $125-million program aimed at encouraging the construction of new rental apartment buildings by rebating a portion of development charges.

— More flexibility for municipalities when it comes to using property tax tools to encourage development.

— The creation of a new Housing Supply Team with dedicated provincial employees to identify barriers to specific housing development projects and work with developers and municipalities to find solutions.

— An effort to understand and tackle practices that may be contributing to tax avoidance and excessive speculation in the housing market.

— A review of the rules real estate agents are required to follow to ensure that consumers are fairly represented in real estate transactions.

— The launch of a housing advisory group which will meet quarterly to provide the government with ongoing advice about the state of the housing market and discuss the impact of the measures and any additional steps that are needed.

— Education for consumers on their rights, particularly on the issue of one real estate professional representing more than one party in a real estate transaction.

— A partnership with the Canada Revenue Agency to explore more comprehensive reporting requirements so that correct federal and provincial taxes, including income and sales taxes, are paid on purchases and sales of real estate in Ontario.

— Set timelines for elevator repairs to be established in consultation with the sector and the Technical Standards & Safety Authority.

— Provisions that would require municipalities to consider the appropriate range of unit sizes in higher density residential buildings to accommodate a diverse range of household sizes and incomes, among other things.

The Canadian Press

Just Posted

Greater Victoria School District adopts new dress code policy

Two years in the making, SD61 moves to more inclusionary guidelines

Legal action against B.C. specualtion tax a last resort

Group of Arizona home owners feel they’ve been swept up in an attack on land speculators

Rock the Rink gives youth once-in-a-lifetime opportunity

Winning band will get to play a set at Rock the Shores

Sooke makes call for regional fire dispatch

Some municipalities decide to take service off-Island

Victoria beaches 1,560 pounds lighter after Surfrider cleanup

200 people came out to clean the beach on Earth Day

Parents call for change to health laws after Oak Bay teen’s death

Accidental overdose has Elliot Eurchuk’s parents seeking change to B.C Infants Act

EDITORIAL: Greater Victoria amalgamation no magic bullet

Taxpaying citizens need to ask tough questions of both sides in debate

Doctor sees healing power in psychedelic plant as Peru investigates death of B.C. man

Peru’s attorney general has ordered the arrest of two suspects in the killing of 41-year-old Sebastian Woodroffe

Toronto police officer ‘gave himself the space and time’ in van attack

Footage shows officer standing up, turning off his siren and talking clearly to the suspect

$1.18 to $1.58 a litre: Are you paying the most for gas in B.C.?

Gas prices across B.C. vary, with lowest in Vernon and highest in – you guessed it – Metro Vancouver

Greater Victoria wanted list for the week of April 24

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

Inquest set 10 years after B.C. woman shot, left to die

Lisa Dudley, and her partner, Guthrie McKay were shot in their Mission home in September 2008

B.C. hockey team to retire Humboldt Bronco victim’s number

BCHL’s Surrey Eagles to retire Jaxon Joseph’s No. 10 in light of bus tragedy

B.C. Hells Angels invited to rally by anti-SOGI organizer

The Culture Guard group has helped Hells Angels in the past, said its executive director.

Most Read