Ontario's realtors and home builders say the province could address a housing supply crunch if it allowed a greater range of developments around 200 transit hubs.
The associations which represent Ontario's realtors and home builders are calling on the provincial government to change zoning rules around the transit stations.
"NIMBY-ism is a powerful force, and outdated zoning laws from the pre-disco era ... has meant that a lot of millennials who should be in the home ownership market find themselves shut out," he said. The report said that based on the province's own population growth projections, Ontario will need 1.8 million additional new homes over the next 24 years, or 75,000 new homes per year in that time.
Hudak said municipalities have failed to properly develop the transit hubs and the province must step in.
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