Blueprint for Change: Tim Hudak on Boosting Ontario’s Housing Market

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Desmond and his guest Tim Hudak of OREA explore the complexities of Ontario's housing market, starting with a focus on the affordable housing report.
A few years ago, the Ontario government announced an ambitious plan to address the housing crisis, aiming to build 1.5 million homes over the next decade.
Despite challenges such as COVID-19, supply shortages, and rising costs, progress has been made, with the Ontario Real Estate Association (OREA) analyzing the government's efforts in implementing the task force's recommendations.
Beyond housing, the conversation touches on various topics, including the impact of high interest rates, labour shortages, and the potential for converting commercial spaces to residential use to boost housing supply.
They also discuss the importance of addressing NIMBYism, the need for more efficient land use, and the role of transit-oriented development in creating more affordable housing options.
And they cover OREA's wellness program for realtors, the upcoming Reality conference, and the broader implications of these issues for Ontario's economic and social fabric.
Listen For
4:51 The Impacts of High Interest Rates on the Housing Market
7:43 Strategies to Boost Housing Supply
11:47 Challenges Posed by NIMBYism
26:12 OREA’s Wellness Program and Industry Initiatives
Guest: Tim Hudak
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OREA Links: X | LinkedIn REALiTY 24 Conference (to register and to see the full list of speakers and the agenda): https://realityconference.ca/
OREA’s latest housing supply report titled Analysis of Ontario’s Efforts to Boost Housing Supply: https://www.orea.com/advocacy/Housing-Supply
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Recorded in Sep 2023