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TORONTO, Oct. 25, 2022 (GLOBE NEWSWIRE) — The Toronto Regional Real Estate Board (TRREB) welcomes the provincial authorities’s introduction of laws to speed up the creation of extra housing provide. This is among the most urgent points going through our municipalities and province, and it warrants unequivocable and decisive motion. Major issues require main options.
Municipalities have a direct affect on housing affordability, not solely by including direct prices like growth charges and land switch taxes, but in addition by delaying and stopping desperately wanted new housing provide with sluggish approval processes, duplication, and outdated restrictive zoning. We respect the necessary position that municipalities play in guaranteeing the livability and sustainability of our neighbourhoods, however it’s necessary that public coverage replicate public curiosity. We imagine that the brand new provincial laws will assist carry this steadiness to municipal planning and housing approvals.
TRREB seems ahead to reviewing the newly introduced provincial laws and offering enter because it proceeds by way of the legislative course of. We are very inspired that the provincial authorities has listened to the issues that TRREB and lots of others have raised, and has determined to streamline municipal processes which might be slowing down the creation of latest housing.
Kevin Crigger
TRREB President
Media Inquiries:
Genevieve Grant, Manager, Public Affairs [email protected] 416-443-8159
The Toronto Regional Real Estate Board is Canada’s largest actual property board with greater than 70,000 residential and business professionals connecting folks, property and communities.
