Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 18 APRIL 2023

Analyzing Bill 97, The Helping Homebuyers, Protecting Tenants Act, 2023

Aird & Berlis LLP
Explore more from Aird & Berlis LLP

On April 6, 2023, Ontario announced the next steps in its plan to build 1.5 million homes by 2031.

CanadaReal Estate and Construction
Matthew Helfand
Matthew Helfand
Jasmine C. M. Fraser
Jasmine C. M. Fraser
Patrick Harrington
Patrick Harrington
Author LinkedIn connections

On April 6, 2023, Ontario announced the next steps in its plan to build 1.5 million homes by 2031. Two key components of this announcement are the introduction of Bill 97, the Helping Homebuyers, Protecting Tenants Act, 2023 ("Bill 97"), and the release of a draft Provincial Planning Statement to replace the current Provincial Policy Statement and the Growth Plan. Our overview of the draft Provincial Planning Statement can be viewed here.

Bill 97 carried through the Ontario legislature for first reading on April 6, 2023. Bill 97 is the latest of a series of legislative amendments intended to facilitate Ontario's Housing Supply Action Plan and increase housing supply in the province.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Ontario’s Mandatory Annual Holdback Release Starts In 2027: What Owners And Contractors Need To Know

Starting in 2027, all Ontario project owners with contracts entered into on or after January 1, 2026, and most owners with contracts dating back to July 1, 2018, must start releasing statutory holdback to their contractors on an annual basis. This requirement is the latest in a series of construction payment reforms under Ontario’s Construction Act. It replaces the traditional model of retaining holdback until substantial performance. Owners and contractors who fail to comply with the notice and payment timelines face exposure to interest claims, payment disputes, and adjudication proceedings.
CanadaReal Estate and Construction
Miller Thomson
Miller Thomson
Article

The PULSE Report: Governance Of Ontario’s Electric Utilities And Implementation Of Required Changes

Ontario's PULSE report and Bill 140 propose sweeping governance reforms for municipally owned electricity distribution utilities and their holding companies, mandating independent boards and new capital planning requirements by 2027. These changes aim to attract institutional investment for $120 billion in infrastructure expansion, but will require utilities to restructure shareholder agreements, recruit new directors, and implement complex governance arrangements within an extremely compressed timeline.
CanadaCorporate/Commercial Law
Aird & Berlis LLP
Aird & Berlis LLP
Article

Ontario Proposes Significant Changes To Property Tax Exemptions And Assessment Roll Access – But No Reassessment Planned

Ontario's Fall Economic Statement introduces significant changes to property tax exemptions affecting charitable affordable housing providers and university student residences, while also making assessment roll information publicly accessible online for the first time. These proposed amendments to the Assessment Act will require property owners to reassess their exemption eligibility and tax obligations.
CanadaTax
Aird & Berlis LLP
Aird & Berlis LLP
Article

Canada’s 2026 AI Strategy: What Businesses Need To Know

Canada's National Artificial Intelligence Strategy marks a significant shift in federal AI policy, moving away from standalone legislation toward a comprehensive framework that emphasizes privacy reform, data sovereignty, and business adoption. The Strategy outlines six interconnected pillars designed to position Canada as a global AI leader while addressing regulatory gaps through existing legal frameworks and new policy tools.
CanadaTechnology
Aird & Berlis LLP
Aird & Berlis LLP
Article

Canada’s OpenAI Findings: What Businesses Need To Know About AI And Privacy Compliance

Canadian privacy regulators have completed a joint investigation into OpenAI's ChatGPT, examining whether the company's collection, use, and disclosure of personal information complies with federal and provincial private-sector privacy legislation. The investigation involved the Office of the Privacy Commissioner of Canada alongside regulators from Quebec, British Columbia, and Alberta, scrutinizing OpenAI's practices in developing and operating its AI chatbot platform.
CanadaPrivacy
Aird & Berlis LLP
Aird & Berlis LLP
Article

Holdback Deficiencies And Mortgage Priority: Court Of Appeal For Ontario Clarifies S. 78(2) Of The Construction Act

The Court of Appeal for Ontario has resolved a critical uncertainty in construction law regarding how holdback deficiencies should be calculated when owners fail to retain statutory holdbacks. The decision addresses whether contractors who have already been paid can claim additional priority over construction mortgages, and establishes important boundaries to prevent double recovery while balancing the interests of all parties in the construction pyramid.
CanadaReal Estate and Construction
Aird & Berlis LLP
Aird & Berlis LLP