TORONTO, February 8, 2022 – The Toronto Region Board of Trade applauds the release of today’s Report of the Ontario Housing Affordability Task Force and its recommendation to end exclusionary zoning policies and build more housing across the province.
Among the Task Force report’s recommendations include five main areas to quickly increase the supply of market housing to meet the goal of adding 1.5 million homes over the next 10 years. We are especially pleased to see the recommendation that the Government of Ontario should eliminate exclusionary zoning policies that prohibit even modest forms of density, such as triplexes or small apartment buildings in most residential neighbourhoods.
This aligns with recent policy advocacy by the Board, including our policy paper Meeting in the Middle: A plan to end exclusionary zoning and tackle Ontario’s housing crisis, released in December 2021.
We urge the Government of Ontario to move to quickly adopt this recommendation.
“Adding to our housing supply is a critical step towards improving affordability across the Toronto region,” said Jan De Silva, President and CEO of the Toronto Region Board of Trade. “Ending exclusionary zoning would help address the affordability crisis that we have highlighted on behalf of the region’s business community. Put simply, this would be good for businesses and good for people looking for homes.;
The work of Ontario’s Housing Affordability Task Force comes in the context of a housing affordability crisis that is creating significant costs for the region’s economy. The Board’s Housing a Generation of Essential Workers reports found that high housing prices are already costing our economy up to $8 billion per year.
“Ending exclusionary zoning, paired with the report’s other recommendations to make building missing middle housing easier, will help address Ontario’s housing affordability crisis,” said Craig Ruttan, Policy Director, Housing, at the Toronto Region Board of Trade. “Implementing the task force’s recommendations would allow more individuals and families to be able to live and work in Ontario’s major cities, leading to a stronger and more prosperous Ontario.”
About Toronto Region Board of Trade
The Toronto Region Board of Trade is one of the largest and most influential business chambers in North America and is a catalyst for the region’s economic agenda. We pursue policy change to drive the growth and competitiveness of the Toronto region and facilitate market opportunities with programs, partnerships and connections to help our members succeed – domestically and internationally.
Andrew Perez, Media Relations Manager