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queenspark270Bruce-Grey-Owen Sound MPP Bill Walker said the Ontario government is taking steps to expand housing supply quickly and responsibly so people can find quality, affordable homes.

As part of the new Housing Supply Action Plan, the government is developing a new strategy to help increase the supply of homes and rental properties, while protecting rent control for existing tenants.

Housing supply is not keeping up with our population growth, which is driving up home prices and rental rates,” Walker said. “We need to reduce these pressures by finding ways to build more good housing and rentals for people in Bruce–Grey–Owen Sound and across Ontario.”

To encourage more housing to be built and to make rent more affordable, the government will adopt a balanced approach that exempts new rental units from rent control, while keeping rent control for existing rental units.

Our government is keeping its promise to not touch rent control for tenants of existing rental units,” Walker said. “We will ensure they can continue to rent affordable homes while growing housing supply so that more Ontarians have access to affordable homes.”

This balanced approach will create the right conditions to increase the supply of rental units, while protecting existing renters.