Bill 23: Omnibus bill means that suddenly everything is at risk
Ford and his housing minister previewed the legislation in a Toronto Region Board of Trade event earlier on Tuesday. Ford said in his speech …
“Everyone’s dream is to have a little white picket fence. You know, when they put the key in the door, they know they’re building equity into it, they can do the little tweaks to their house and increase the value of it. That’s our goal.”
It is not yet clear how the proposed legislation will achieve this goal.
The legislation introduces a new concept definition called ‘attainable housing’ that seems to look very much like the old ‘market-based housing.’ This is precisely the outcome that the building industry is hoping for. Toronto has more than 230 cranes in-the-air providing mostly market-based housing … so we can expect more cranes on the horizon.