Reducing Costs for Future Homeowners

Ontario is cutting the cost to build homes in York-Simcoe.

As electricity demand is set to rise by 75% by 2050, our government is making it easier and more affordable to connect these new homes and businesses to Ontario’s grid.

Yet, red tape and legacy decisions from the Liberals continue to hold us back. That is why our government is taking a generational lens to fix a long-standing barrier for young Canadians to enter the housing market.

As our population increases, our government will act decisively to cut costs for homebuyers and end the barriers to job-creating investment.

We will do this by introducing new legislation to reduce costs for these “last-mile” connections and make building easier and more affordable.

Later this year, our government will also convene the first meeting of a new Housing Electricity Growth Forum, which will bring together municipalities, utilities, industry leaders, and the OEB to discuss further ways to accelerate connections while reducing costs.

While the Liberals imposed skyrocketing energy costs on families, our government is planning ahead to ensure affordable and reliable power for Ontario’s growth.

Learn More: https://news.ontario.ca/en/release/1005208/ontario-reducing-costs-for-future-homeowners