Happy Canada Day, readers!
As you know, new residential construction has been one of the key economic engines for the GTHA and provincial economy for more than a decade.
So why doesn't the government consider it a priority to keep this engine oiled and running smoothly?
Currently, demand continues to exceed supply, creating an imbalance in the housing spectrum - which includes all forms of housing. While all Ontarians need shelter, middle-class families and millennials are at a disadvantage. With an improved supply of both rental and mortgaged homes, these people will be able to fulfill their housing needs - freeing up more cash for other essentials such as transportation, child care and food.
Instead of focusing on supply, the government is pursuing climate-change initiatives without the necessary metrics needed to determine the true cost implications today and for future generations. We need to carefully consider changes before the discussion turns to implementation.
There are three things the government needs to do to address supplies issues that have created the housing spectrum imbalance:
- Streamline what is now a convoluted planning, zoning and building approvals process.
- Link housing, transit planning and jobs to properly measure the implications of government policies.
- Address the skills gap by making meaningful improvements to the training and apprenticeship system.
If we cannot build the high-, mid- and low-rise housing needed in the GTHA today or in the future, Toronto's potential as a global city will be squandered.
Elsewhere in the newsletter: I write about our new director of building science and innovation on our blog, our latest press release on the end of the strikes, Daily Commercial News writes about the new fire safety guideline for mid-rise wood-frame construction, and RCCAO executive director Andy Manahan speaks with the Toronto Star about HOT lanes. (Michael Steele's Tech Corner and Andrew Pariser's Health & Safety column return in July.)
Have a great weekend!