Proposed plan would allow property owners to build three units on a lot, without development changes or lengthy approvals.
The Ontario government is looking to tackle the housing crisis.
The province has introduced a bill to advance its plan to build over a million homes over the next decade.
Housing Minister Steve Clark says finding the right home is especially difficult for young people, newcomers and seniors.
"For too many Ontarians, including young people, newcomers, and seniors, finding the right home is still too challenging. This is not just a big-city crisis: the housing supply shortage affects all Ontarians, including rural, urban and suburban, north and south, young and old," said Steve Clark, Minister of Municipal Affairs and Housing. "Our Housing Supply Action Plan is creating a strong foundation on which 1.5 million homes can be built over the next 10 years. Our government is following through on our commitment to Ontarians by cutting delays and red tape to get more homes built faster."
If passed, the plan would allow property owners to build three units on a property, without lengthy approvals and development changes.
The plan would also increase the Non-Resident Speculation Tax rate from 20 percent to 25 percent.
This is being done to make home ownership more attainable for Ontarians and deter non-resident investors from speculating on the province's housing market.
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