Ontario appoints nine people to task force that will deal with making homes more affordable
Premier Doug Ford says he has appointed nine people to a task force assigned to address housing affordability in the province so that it’s "easier for more Ontarians to realize the dream of home ownership."
The Housing Affordability Force will be chaired by Jake Lawrence, CEO and Group Head of Global Banking and Markets at Scotiabank, and will publish a report into its findings in early 2022, the government said.
The task force will look into a number of ways Ontario can increase the supply of rental units, as well as homes for ownership.
The government said the task force will look into ways they can reduce red tape and accelerate building timelines, while also protecting the need to care for the environment.
"Young families, seniors and all hardworking Ontarians are desperate for housing that meets their needs and budget," Ford said in a statement Monday.
According to the government, the task force represents a "diverse range of experts" in not-for-profit housing, Indigenous housing, real estate, home builders, financial markets and economics.
The Housing Affordability Task Force was first announced as part of the "2021 Ontario Economic Outlook and Fiscal Review: Build Ontario," the government said.
Housing prices in Ontario, especially the Greater Toronto Area, continue to skyrocket.
The average price of a semi-detached home in Toronto in November 2021 was more than $1.4 million, while a detached home was more than $1.8 million.
CTVNews.ca Top Stories
Quebec nurse had to clean up after husband's death in Montreal hospital
On a night she should have been mourning, a nurse from Quebec's Laurentians region says she was forced to clean up her husband after he died at a hospital in Montreal.
Northern Ont. lawyer who abandoned clients in child protection cases disbarred
A North Bay, Ont., lawyer who abandoned 15 clients – many of them child protection cases – has lost his licence to practise law.
Bank of Canada officials split on when to start cutting interest rates
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
Maple Leafs fall to Bruins in Game 3, trail series 2-1
Brad Marchand scored twice, including the winner in the third period, and added an assist as the Boston Bruins downed the Toronto Maple Leafs 4-2 to take a 2-1 lead in their first-round playoff series Wednesday
Cuban government apologizes to Montreal-area family after delivering wrong body
Cuba's foreign affairs minister has apologized to a Montreal-area family after they were sent the wrong body following the death of a loved one.
'It was instant karma': Viral video captures failed theft attempt in Nanaimo, B.C.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
What is changing about Canada's capital gains tax and how does it impact me?
The federal government's proposed change to capital gains taxation is expected to increase taxes on investments and mainly affect wealthy Canadians and businesses. Here's what you need to know about the move.
New Indigenous loan guarantee program a 'really big deal,' Freeland says at Toronto conference
Canada's Deputy Prime Minister Chrystia Freeland was among the 1,700 delegates attending the two-day First Nations Major Projects Coalition (FNMPC) conference that concluded Tuesday in Toronto.
'Life was not fair to him': Daughter of N.B. man exonerated of murder remembers him as a kind soul
The daughter of a New Brunswick man recently exonerated from murder, is remembering her father as somebody who, despite a wrongful conviction, never became bitter or angry.