Ontario Election: Which party should I vote for on June 2nd especially on housing and real estate issue?

Ontario Election: Which party should I vote for on June 2nd especially on housing and real estate issue?, GTAHome.com

Ontario Liberal:

HOUSING COMMITMENTS

  • Build 1.5 million new homes over the next 10 years
  • Protect homebuyers by reforming the blind bidding process; provide transparency on the history of house sale prices; establish home inspectors as a legal right and regulate home inspectors; require residential listings to disclose expected commission rates; increase penalties for unethical real estate transactions
  • Bring back rent control across Ontario, and provide renters with a path to ownership
  • Ensure homes are for people who live in them by taxing homes that are currently empty, especially for non-Canadian owners; introduce a “use or lose it” tax on developers sitting on land ready for development; ensure condo flippers pay appropriate taxes and combat money laundering in the housing market
  • Establish the Ontario Home Building Corporation to finance and build affordable homes; any homes sold by the Corporation will be available only to first-time home buyers and proceeds will go towards affordable homes
  • Unlock provincial land to build homes on
  • Empower municipalities to accelerate housing projects; make building homes a priority in growth planning legislation; work with municipalities to expand zoning options (allow homes with up to three units and two storeys as of right across the province with this permission extending to secondary and laneway suites; help and reward municipalities that meet or exceed higher housing targets
  • Promote housing options like missing middle and mid-rise housing near transit stations and along rapid transit routes
  • Embrace incentive approaches to increase the supply of homes by converting underutilized industrial and commercial sites into new homes; allow renters and owners to increase minimum housing permission; providing $100 million over 10 years by expanding and building new co-op housing
  • Scrap Ministerial Zoning Orders; prevent urban sprawl and restore urban intensification requirements

Ontario PC

Please read Ontario PC platform as presented in 2022 budget.

HOUSING COMMITMENTS

  • Introduced new housing legislation “More Homes for Everyone” to increase housing supply and reduce red tape
  • Investing $45 million for a new Streamline Development Approval Fund to help the province’s 39 largest municipalities to modernize, streamline and speed up development approvals
  • Invest $19.2 million over three years to reduce backlogs at the Ontario Land Tribunal and the Landlord and Tenant Board
  • Prioritize Ontario homebuyers by increasing the Non-Resident Speculation Tax from 15% to 20%, expand it from GGH to apply provincewide and closed loopholes to fight tax avoidance, effective March 30, 2022
  • Supporting the use of municipal vacant home tax
  • Cracking down on unethical developers to better protect consumers when they buy a new home
  • Removing tolls on Highways 412 and 418
  • Investing $61.6 billion over 10 years for fully integrated rapid transit network including new subways and modernizing GO network
  • Investing $25.1 billion over 10 years in highway expansion and rehabilitation projects (including construction of Hwy 413, the Bradford Bypass and Hwy 401 expansion) to connect communities, fight gridlock and move goods and people

Ontario NDP

HOUSING COMMITMENTS

  • End exclusionary zoning; increase supply of affordable housing options in complete communities; stop urban sprawl
  • Crack down on speculation by introducing a 2% annual speculation and vacancy tax on residential property; maintain the 20% Non-Resident Speculation Tax currently in place
  • Bring back rent control for all apartments and scrap vacancy decontrol to discourage renovictions
  • Help 311,000 households pay the rent by creating a portable housing benefit for low-income families
  • Fix the Landlord and Tenant Board and restore the right to in-person hearings

Green Party of Ontario

HOUSING COMMITMENTS

  • Build inclusive, accessible neighbourhoods where people can live, work and play (support infill development and missing middle housing to allow as-of-right plexes in residential zones; embrace transit-oriented development and stop subsidizing urban sprawl)
  • Protect farmland and bring back oversight to reduce flooding
  • Build and maintain an affordable housing supply (build 182,000 new affordable rental units; mandate inclusionary zoning and require a minimum of 20% affordable units in all housing projects above a certain size; create $100 million seed fund for 1,000 co-operative housing units and expand modular housing market)
  • Freeze urban boundaries; build 1.5 million homes over 10 years; update planning laws to prezone for missing middle and mid-rise housing on transit corridors and main streets
  • Reduce speculation to put homes for people first by implementing a province-wide vacant home tax, introduce an anti-flipping tax and increase the Land Transfer Tax (LTT) on all single-family homes valued over $3 million across the province. Implement a multiple property speculation tax on people/corporations who own more than two houses or condo units in Ontario, with the tax beginning at 20% on the third home and increase with each additional property owned.
  • Provide stability and security for renters by reinstating rent control on all units and establish a vacancy control system
  • Create more pathways to homeownership by ending blind bidding; make it easier for homeowners to add rental units to their ground-related dwelling; end mandatory minimum parking requirements for all new developments; make home inspections mandatory, at the seller’s expense; develop a down payment support program to help low- and middle-income first-time homebuyers; support alternative homeownership pilot programs such as co-housing, tiny homes and rent-to-own to assist low and middle income homebuyers.
  • $5 billion over 10 years for a Green building program to create jobs, save energy and address the climate crisis (create incentives for home retrofitting; mandate all new buildings to meet net zero by 2030 and mandate energy efficiency labelling for all residential units at time of sale or leasing)

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