evahug1_808a6x - Ontario Housing Crisis

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In this election, I’m voting for a candidate who is committed to ending the housing crisis in Ontario. Renters face rising rents and housing insecurity. First-time homebuyers are desperate to get into the market before prices skyrocket further. Long-time homeowners can’t afford to move up or downsize.

The crisis poses a threat to our society, our economy, and our democracy.

Home prices have tripled since 2010 while incomes have grown just 1/10th as quickly. We need measures to make housing attainable once again.

BOOST HOUSING SUPPLY: WE NEED TO BUILD 1.5 MILLION NEW HOMES IN THE NEXT 10 YEARS

- End exclusionary (single family) zoning in Ontario. Allow low-rise multi-family homes up to 4 storeys on any residential lot.
- Pre-zone land along transit routes for at least six storey buildings provincewide.
- Legalize multi-tenant housing provincewide.
- Leverage provincially owned land - whether owned by a crown corporation, transit agency, or directly - to maximize building new affordable rental housing.
- Restore public housing construction to historical levels (20% of all new builds) with mixed income models to ensure sustainability and maintenance of public housing stock.
- Train more tradespeople and reduce barriers to apprenticeships in trade.
- Improve subsidised rental programs.

STOP BAD DEMAND: IT’S TIME TO STOP THE FINANCIALIZATION OF HOUSING

- Implement taxes on approved housing where construction has not been started after 1 year, in order to prevent land hoarding and flippling
- Split property taxes into land and improved (built) value and allow municipalities to tax theses components at separate rates
- Tax vacant homes and unimproved house flipping. 
- Remove tax incentives for speculative investment and make it harder for speculators to obtain credit by restricting the use of HELOCs.
- Introduce speculation taxes on 3rd+ properties 
- Maintain a public registry of beneficial owners of residential properties.

Keep me informed about the housing crisis.

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