As part of its Fair Housing Plan, the government of Ontario is establishing an expert forum to offer suggestions and engage in discussion on how to make housing more affordable in the province.
This housing forum, which is meeting for the first time tomorrow and will continue to meet quarterly, brings together housing experts and partners including economists, academics, developers, community groups and the real estate sector. The forum will advise the province on continued steps to make housing more affordable and accessible.
The government is also releasing further information on the Non-Resident Speculation Tax (NRST). Between April 24 and May 26, there were 18,282 transactions in the Greater Golden Horseshoe region, of which 4.7 per cent were by individuals who are not citizens or permanent residents of Canada, or by foreign corporations, and may be subject to the NRST. Introduced as part of the Fair Housing Plan, the NRST is helping to address unsustainable demand in the Greater Golden Horseshoe, while ensuring Ontario continues to be a place that welcomes all new residents.