Mississauga and Brampton will have to build 145,000 additional homes to meet target set by Province: Report
A recent Region of Peel report exploring the potential implications of the Province’s recently passed Bill 23 (More Homes Built Faster Act) says that the act, which pledges to incentivize the creation of more housing by freezing, reducing and exempting fees that developers typically pay to towns and cities, could cost the region $2 billion over the next 10 years. The Region of Peel report also says the bill will impact the Region’s ability to provide certain services (the bill removes the Region’s planning authority and passes it down to the individual municipalities) and won’t necessarily lead to the creation of more affordable housing, adding that the bill will “directly threaten the Region’s Housing Master Plan.” The average home in Brampton cost $1 million as recently as August, and we all have to step up to deal with it,” Graham McGregor, MPP for Brampton-North, told insauga.com in a previous interview.
