Addressing supply-side economics, the province approves
plans for Toronto's Downtown and Yonge-Eglinton areas and Bill
108 comes into force.
On June 6, 2019, Bill 108, referred to as the More Homes,
More Choice Act (the "Bill"), was passed by the
government of Ontario. Many of the provisions, however, will only
come into force on an unspecified, later date. It is expected that
the implementing regulations will be released in the fall. In case
you missed it, you can read our previous articles about Bill 108
and Ontario's Housing Supply Action Plan
HERE and
HERE. The Bill itself and the explanatory notes can be read HERE.
Also as of June 6, 2019, the Minister of Municipal Affairs and
Housing (the "Minister") approved the Secondary Plans for
Toronto's Downtown and Yonge-Eglinton areas, with
modifications.
