Ontario Liberals have a plan to make buying or renting a home more affordable.
We will eliminate the provincial Land Transfer Tax for first-time homebuyers, seniors downsizing, and non-profit home builders—saving families and seniors on average $13,500 off the cost of a new home.
We will scrap Development Charges on new middle-class housing, which can add up to $170,000 on the price of a new home, and replacing them with the Better Communities Fund to ensure municipalities have the funds to build the infrastructure needed to support these new homes.
We will make renting more affordable by introducing fair, phased-in rent control similar to Manitoba, resolving Landlord-Tenant Board disputes within two months, and establishing the Rental Emergency Support for Tenants (REST) Fund to help vulnerable renters avoid eviction during financial emergencies.