NEWS RELEASE
WEST END BUILDERS’ ASSOCIATION
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In newly-released knowledge from the Canadian Housing and Mortgage Company (CMHC), to this point this yr the Metropolis of Burlington has seen the second highest complete variety of housing begins up to now decade. Between January and the top of July, Burlington has began development on 546 new houses. With the development of housing of every kind slowing down throughout Ontario, Burlington seeing a big rise in new housing begins throughout a time of financial headwinds is a testomony to the Metropolis’s renewed focus and management on housing.
The town has adopted a housing pledge of constructing 29,000 models by 2031 as its share of the provincial purpose to construct 1.5 million houses over the subsequent decade. The town additionally acquired $21 million {dollars} in Housing Accelerator Fund cash from the Federal Authorities to speed up the development of recent houses in Burlington. Moreover, in Might of 2024, Metropolis of Burlington Council unanimously endorsed a Metropolis-wide discount in Improvement Charges (taxes on new housing), in response to the housing disaster.
“The City of Burlington has shown they are serious about addressing the housing crisis by committing to a number of new initiatives designed to spur construction of new housing, including a reduction of development charges, enabling the use of Surety Bonds, and working towards the modernization of their zoning by-law.” mentioned Mike Collins-Williams, CEO of the West Finish Residence Builders’ Affiliation. “The market for new condominium construction across Ontario is the worst it’s been in nearly three decades, so it is good to see that when a City like Burlington takes decisive action to reduce taxes on new housing, construction of new homes follows”.
Burlington’s management on the housing file is properly regarded by each the federal and provincial governments. Each the federal Minister of Housing, Infrastructure and Communities Sean Fraser, and provincial Minister of Municipal Affairs and Housing Paul Calandra, counseled Burlington for his or her management at this yr’s Affiliation of Municipalities of Ontario (AMO) Convention. WE HBA is happy to see Burlington proceed to take the housing disaster critically and work in partnership with the house constructing trade to make sure Burlington is a spot the place everyone seems to be welcome.
Burlington’s management builds on the popularity in any respect ranges of presidency that new housing provide will considerably assist to alleviate the housing disaster.
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