Is Lack Of Supply Still The Biggest Obstacle To Housing Affordability? This Panel Thinks So.

A virtual panel discussion hosted by Teranet, featuring the CEO of the Ontario Real Estate Association, the chief market analyst for the Toronto Regional Real Estate Board, and the founder and president of RIOS Real Estate Operating System, agreed that the lack of new housing supply is the root cause of housing unaffordability in Ontario. The panelists agreed that new housing construction is not keeping up with demand, particularly due to the province's rapidly growing population. The panel also discussed the need to streamline approvals and reduce government regulations to make it easier for builders to construct the 1.5 million homes Ontario will need over the next decade. The panelists called for all levels of government to get on the same page and for municipalities to remove the points of conflict and move quickly from approvals to construction