roomvu logoPricingFree Trial

Ontario Has Enough Land for 2M Homes

Location
Toronto, Ottawa, Ontario
Publish Date
2023/03/23

According to a recent report, Ontario has enough land to build more than 2M homes by 2031 without developing the Greenbelt. The Progressive Conservative government's goal is to build 1.5M new homes across Ontario by 2031 in 10-yr. They issued new regulations to remove 7.4K acres of protected Greenbelt land to open it up for housing. The report found that ~1.3M units could be built in existing "built-up areas" inside GGH municipalities. And an additional 700K units could be built either on "designated greenfield areas" or rural land. The Ontario Housing Affordability Task Force found that cutting into protected land was unnecessary to meet the targets.

Market Update

Sign up