Providing homes for hardworking individuals
In hindsight, the signs were there all along: A rapid escalation of land values, the slowing of new development across the Greater Toronto Area, and a rise in community resistance against new development in existing neighbourhoods. This is the legacy of the previous provincial government’s Growth Plan and housing policies in the GTA. Our current challenges around housing supply and affordability are the result.
The new provincial government is looking to make much-needed changes, even as critics raise predictable objections. Never mind that these same critics never supported any development plan nor are likely do to so, and never mind the disheartening prospects confronting those looking for a new home or apartment in the GTA. Nor does it matter to these pundits that the region is growing annually by 115,000 people, all requiring housing, places to work, schools, and commuting infrastructure.
The fact is, despite the critics’ objections, the changes proposed by the government are quite measured and focus on two areas. The first is a housing supply action plan that outlines how we get more homes for rent and purchase built faster. The government is looking at proposals to remove barriers and speed up development, as it currently takes more than 11 years to complete an average lowrise development and 10 years to complete an average high rise development in the GTA.
The government is also looking for proposals on ways to encourage “missing middle housing” – the townhomes and low and midrise apartments that provide gentle density in existing neighbourhoods and can serve as starter homes at a lower price point. Finally, the government is looking for proposals to lower the cost of development by addressing the cost of land and the charges added to new developments. This in turn will positively impact the affordability of new homes.
The second area the government is focusing on is adjusting the Growth Plan, the policy that guides where and how development occurs across the GTA and the Greater Golden Horseshoe. One matter under consideration is adjusting density targets — the number of people and jobs required per hectare — a direct determinant of built form and housing mix. The current government has rightly pointed out that the one-size-fits-all approach doesn’t work, and that treating development in communities such as Brantford, Hamilton and Waterloo in a manner similar to Toronto makes no sense. Other proposed changes include giving municipalities some flexibility to develop housing on lands that have previously been designated as employment areas and on small pieces of land that are currently outside their settlement area boundaries, and continuing to encourage density around major transit station areas. If adopted, these changes will give more flexibility to municipalities and will encourage the right types of homes to be built and the right density based on the infrastructure available.
These proposed changes are all about one thing: Providing homes for hardworking individuals and families across a growing region. Our current generational housing challenge has been 14 years in the making, and through these actions the provincial government is making good on its promise of working to increase housing supply in our region while continuing to protect the environment.
DAVE WILKES is President and CEO of the Building Industry and Land Development Association (BILD). bild.ca