Generating Solutions to Housing Challenges

With elections approaching, Ontarians can anticipate significant changes in 2025, particularly regarding the housing crisis. Development charges in the GTA have surged, now accounting for 30% of a new home's price, prompting calls for reductions to facilitate affordable housing. The province's goal of building 1.5 million homes by 2031 is hindered by rising construction costs and labor shortages. Political parties are proposing various solutions, focusing on increasing supply and affordability. As demand grows, investing in real estate remains a viable long-term strategy.