A real estate professor at the University of Guelph is not overly hopeful about the province’s goal to create 1.5 million additional houses over the next ten years.
The More Homes Built Faster Act, according to Paul Anglin of the Gordon S. Lang School of Business and Economics, is a fine idea in theory but challenging to put into practise.
The bill was introduced in the legislature last week.
It would guarantee that urban, suburban, and rural communities develop with a variety of ownership and rental housing types that cater to locals’ requirements.
The fact that not everyone is in favour of new homes being built, at least not nearby, is one of the warning signs Anglin raises about the legislation’s proposed provisions.
That entails constructing new residences close to others, according to Anglin. “Often the neighbours will object one way or another unless it is a really new development far away from other people.
In Canada, all industries are being impacted by the labour shortage.
In around 10 years, “there is a phenomenal amount of trained labour” will retire, according to Anglin. Builders are quite concerned about that.
18,000 of the new dwellings that would be developed would be in Guelph.
Mayor Cam Guthrie, who serves as the chair of Ontario’s Big City Mayors, has previously stated that not all homes need to be brand-new construction.
Some of it, he explained, “will be zoning modifications where we allow more units to be available.
But Anglin remarked, “Even if the city could speed up home construction, that would lead to new homes being built in a few years. There is no easy remedy for that.
Anglin, like Guthrie, is sceptical of the Ford administration’s proposal to scale back or do away with local development fees.
Politically, that sounds wonderful, said Anglin. However, funding must originate from someplace.
Housing law has promise, but is challenging to implement, according to a Guelph professor
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