Halkalı Halı Yıkama Beylikdüzü Halı Yıkama Bahçeşehir Halı Yıkama seocu
Latest Housing News

Housing Plan to Reduce Red Tape, Development Fees

The Housing Supply Action Plan, which was released by Minister of Municipal Affairs and Housing Steve Clark earlier this week, will attempt to correct the imbalance between the strong demand for housing and the limited supply of houses and apartments across the province, according to the Ontario government.

he Housing Supply Action Plan, which was released by Minister of Municipal Affairs and Housing Steve Clark earlier this week, will attempt to correct the imbalance between the strong demand for housing and the limited supply of houses and apartments across the province, according to the Ontario government.

The shortages are certainly apparent in Kingston. In 2018, the city’s rental vacancy rate was 0.6 per cent, and the Royal LePage House Price Survey released last month said demand for houses locally is exceeding supply.

The house price survey found the aggregate house price in Kingston continued rising in the first quarter of 2019, 10.3 per cent year-over-year to $391,427, while during the quarter the median price of a bungalow rose 14.8 per cent year-over-year to $375,266.

As well, houses in the $275,000 to $325,000 range locally are in such high demand that buyers are often offering more than the sellers’ asking price.

Kyle Nielissen, first vice-president of the Kingston Home Builders Association, said in an email they support the action plan consultation.

“Streamlining the development approval process and lowering development fees will reduce costs and time to market leading to more affordable housing and additional housing stock,” he said. “This in turn will support a growing and healthy economy.”

The plan also promises to reduce red tape and make it easier to build all types of housing.

“Creating more housing, of the types and sizes people need, will help make home ownership and renting more affordable and give people more choice,” a release on the Ontario Municipal Affairs and Housing website said.

Some of the policies the Ontario government is proposing to streamline the process to build houses and apartments include speeding up the approval process for development projects and lowering development costs, lifting some restrictions on where houses can be built, assisting both landlords and tenants, and creating innovative forms of home ownership.

The shortages are certainly apparent in Kingston. In 2018, the city’s rental vacancy rate was 0.6 per cent, and the Royal LePage House Price Survey released last month said demand for houses locally is exceeding supply.

The house price survey found the aggregate house price in Kingston continued rising in the first quarter of 2019, 10.3 per cent year-over-year to $391,427, while during the quarter the median price of a bungalow rose 14.8 per cent year-over-year to $375,266.

As well, houses in the $275,000 to $325,000 range locally are in such high demand that buyers are often offering more than the sellers’ asking price.

Kyle Nielissen, first vice-president of the Kingston Home Builders Association, said in an email they support the action plan consultation.

“Streamlining the development approval process and lowering development fees will reduce costs and time to market leading to more affordable housing and additional housing stock,” he said. “This in turn will support a growing and healthy economy.”

The plan also promises to reduce red tape and make it easier to build all types of housing.

“Creating more housing, of the types and sizes people need, will help make home ownership and renting more affordable and give people more choice,” a release on the Ontario Municipal Affairs and Housing website said.

Some of the policies the Ontario government is proposing to streamline the process to build houses and apartments include speeding up the approval process for development projects and lowering development costs, lifting some restrictions on where houses can be built, assisting both landlords and tenants, and creating innovative forms of home ownership.

By Ian MacAlpine

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *

mersin escort bayan mersin escort bayan mersin escort bayan mersin escort bayan erotik film izle erotik film malatya escort bayan malatya escort bayan malatya escort bayan malatya escort bayan
Share via
Copy link
Kıbrıs gece kulüpleri