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Is Bill 23 The Answer to Ontario’s Housing Crisis?

Author: 
Ashley Winberg
Publication date:
November 25, 2022
Article Summary: 

Bill 23, also known as the More Homes Built Faster Act, 2022, was announced by the Ontario provincial government on October 25, 2022. The bill aims to build 1.5 million homes in Ontario over the next 10 years by making amendments to planning and development statutes. While it is seen as a solution to Ontario's affordable housing crisis by reducing fees and approval delays, critics argue that it may lead to long-term financial burdens on homeowners and taxpayers. One concern is that it ends the use of municipal green building standards, which ensure sustainable and resilient construction. Additionally, changes to the Development Charges Act have raised concerns among municipalities about losing revenue from development charges. The impact of Bill 23 is far-reaching and will be discussed in an upcoming webinar hosted by CCI-Huronia.

Keywords: 

Bill 23, More Homes Built Faster Act, 2022, Ontario, affordable housing crisis, planning, development, green building standards, development charges, community benefit charges, municipalities, CCI-Huronia.

Source Citation: 
Ashley Winberg
Is Bill 23 The Answer to Ontario’s Housing Crisis?
November 25, 2022
https://www.cci.ca/resource-centre/view/1416?words=&filter=all
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