BILD welcomes new report from Housing Affordability Task Force

“The Greater Toronto Area’s housing supply and affordability crisis is a generational challenge with broad-ranging social and economic impacts,” said Jason Sheldon, BILD’s Chair and Executive Vice President, Land Development, Remington Group. “The task force recommendations will practically address the root causes of the current housing supply imbalance and deserve careful and serious consideration.”

“Our current housing shortage is a manufactured problem,” said Mr. Sheldon. “The focus on market-based housing is key in this report. While subsidized and government-supported housing clearly has a role to play in building complete communities, the sheer scale of the housing shortage faced by the region means solutions must focus on the primary housing supply and type in Canada, and that is market-based housing for rent or purchase.”

Adequate housing supply is critical to the region’s economic and social well-being. With the current housing crisis in the GTA disproportionately affecting younger and new Canadians, not adequately planning for and accommodating housing needs increases inequity and risks the future of an entire generation of younger Ontarians.

As the voice of the home building, residential and non-residential land development and professional renovation industries in the Greater Toronto Area, BILD and its member companies are committed to working with all stakeholders to ensure the housing and employment spaces needs of the GTA are met.