Currently, Ontario has Canada’s second-highest average rental costs, following British Columbia. Yet Ontario’s current rental vacancy rate is at its lowest level in 17 years, sitting at 1.6 per cent.
“It’s almost never been more difficult or expensive to find a home to rent in Ontario,” he said, as noted in an Ontario news release. “I promised the people of Ontario that our government would help create more housing – and more housing people can afford.”
Premier Ford’s Plan for the People includes strategies to help the province’s real estate industry grow, including making it easier to build housing, as well as shortening approval times for proposed developments.
Written by REMI Network