The Government of Ontario has introduced new legislation that would change the definition of affordable housing, enabling more units to be exempt from development charges.is passed, the definition would include income as a measure of affordability.Provincial Policy Statement
Rental units are considered affordable if the cost is at or below the average market rent, or doesn’t exceed 30% of a low- or moderate-income household’s annual income. "This proposed legislation will increase the supply of affordable housing across Ontario and make it easier for people to find a home that truly meets their needs and their budgets," Paul Calandra, the Minister of Municipal Affairs and Housing, said in a release.
As well, the province is set to begin consultations on new regulations that would set service standards and prioritize the resolution of certain cases at the Ontario Land Tribunal, including those that would create the most housing.
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