The More Homes Built Faster Act (also known as Bill 23), is a bill that was passed with the goal of creating more homes in Ontario. You can read the entire bill here
Goals
- Addressing the Missing Middle problem
- Building more homes near transit
- Supporting the growth and standardization of affordable and rental housing
- Freezing, reducing and exempting fees for building attainable, affordable and non-profit housing
- Streamlining bureaucratic processes to get more homes built faster
- Improving the Ontario Land Tribunal to support building more homes faster
- Creating a new attainable housing program
- Protecting Ontario homebuyers from unethical developers
- Cracking down on land speculation
- Improving Ontario’s heritage and growth planning
- Calling for Federal action on GST/HST
- Supporting affordable and other rental housing
- Developing a local vacant home tax
- Strengthening the non-resident speculation tax
- Sustainable building practices