I’m very pleased to have the chance to rise today and talk about this very important issue, and also to clarify for the House and for Ontarians the important work that our government is doing to make life more affordable for the 1.7 million Ontario households that rent.

We know that finding a place to rent at a price that’s attainable can be challenging for Ontarians, particularly in these times of record inflation. But we also know that the issue that is at the very heart of this difficulty is a lack of supply. This, more than anything else, is the root of the problem facing Ontarians—that there simply is just not enough rental housing to go around.

This isn’t a new problem. I’m sorry to report to the previous two speakers that previous governments simply didn’t care enough about the issue of rental housing supply. For a decade and a half, the supply crisis has gotten worse and worse and ordinary, hard-working Ontarians were left to pick up the tab. Prices rose sky-high, and new purpose-built rental buildings just simply weren’t being built, and that was a huge problem. Instead, what we saw in Ontario was a stagnation of supply, and more and more renters were left struggling to make do.

From the very first day that our government was elected, we decided to take a different approach. Rather than sit on our hands and watch hard-working Ontarians get squeezed out of the rental market, we decided, as a government, to act. On day one, the very first question that I received in this House was about supply and the fact that the government needed to work collaboratively to increase the supply of housing. We went to the polls in June of last year. We made rental housing policy such a central part of that plan of building 1.5 million homes by 2031.

In our third housing supply action plan, More Homes, Built Faster, we decided to make the cost of building purpose-built rentals cheaper. We know from the report of the Housing Affordability Task Force that one of the biggest factors that’s driving up the cost of new homes is municipal fees. That’s why we decided to reduce fees—and, in rental’s case, up to 25% for purpose-built rentals, with the highest discounts in that bill were family-friendly units.

I’ve had the opportunity to hear about the impacts of the policy that the government made first-hand. I’m very pleased to let the members of the House know this afternoon what I’ve heard. Thanks to the measures that our government has put forward, under the leadership of Premier Ford, we’re getting shovels in the ground.

I’m just going to use one example. Today in the city of Toronto, there are more active cranes in the sky in this city than there are in New York, Chicago, LA, Washington, DC, Seattle, and San Francisco combined—fantastic news. Clearly, Ontario’s economy and Ontario’s future is a good bet for investment and for future growth.

I said this two or three times this morning in question period: In 2021, our province broke ground on a record number of housing starts. On the housing start side, there were 100,000 housing starts in only 12 months, which was the highest level that the government had seen since 1987. The next year, 2022, we maintained our success, where we saw the second-highest number of housing starts since 1988, which was 96,000 new home starts—again, this is 30% higher than the annual 65,000 home average that the province has received in the last 20 years.

I think it’s really important for us to note this afternoon that many of those cranes in the sky in Toronto, as well as elsewhere in our province, are building exactly the type of housing we need most: more purpose-built rental.

Last year, rental housing starts reached the highest level in Ontario’s history—despite the heckles from across the way—of nearly 15,000 starts.

According to data from March, rental housing starts are up 211% in Ontario compared to the same time last year. This is fantastic news for renters, because only dedicated action and perseverance is going to get us to a place where there are enough rental homes to go around.

The evidence is clear: Our plan is working. But we’re not going to stop there, because we know more supply is needed and because we know renters need that security and stability in their homes.

Our government’s latest housing supply action plan, Bill 97, the Helping Homebuyers, Protecting Tenants Act, 2023, is geared towards further laying the foundation for growth, while expanding on protections for renters and for homebuyers. In it, we are proposing greater legal protection for tenants facing renovictions. When evicting a tenant to renovate a unit, we are proposing that landlords would be required to provide a report from a qualified third party stating that the unit must be vacant for renovations to take place. In addition, we would require further updates on the status of renovations in writing. Landlords would be required to provide a 60-day grace period for the tenant to move back in once the renovations are complete—and we’re proposing greater legal protection for tenants who face renovictions. This is something that we’ve heard in the House and heard as part of our consultations.

When evicting a tenant to use the unit themselves or for their family, the landlord would have to move into the unit by a determined timeline. This is something that has been a bit ambiguous in the Residential Tenancies Act. By failing to move into the unit within the determined time frame, the landlord would be presumed to have acted in bad faith, and the application could be made, then, by the tenant to the Landlord and Tenant Board.

The proposed changes that we’re making would effectively double the maximum fines under the Residential Tenancies Act, increasing them to a maximum of $100,000 for individuals, $500,000 for corporations. This sends a very, very strong message to bad actors that violations of the Residential Tenancies Act will not be tolerated. It also builds on the bold action we took during the pandemic to protect tenants. Our government froze rents and evictions to provide security and stability to renters in an unprecedented situation. And since then, we’ve taken a balanced approach that puts the interest of renters front and centre. That’s why, for instance, in times of record inflation, we capped rent increases for most rental units in the province at 2.5%, while ensuring that there is still enough opportunity to build new rental accommodation in the province.

My hope is that the parties opposite will recognize the historic opportunity our government has created here—an opportunity for us to stand up for renters—instead of opposing for the fourth time in a row a housing supply action plan that has been endorsed by the people of Ontario, that prioritizes the needs of renters. I hope that the opposition parties will recognize that they need to act productively and collaboratively.

Ontario is becoming the number one jurisdiction for businesses, for jobs, and for newcomers. Cranes are in the sky, shovels are in the ground, and our government is laser-focused on tackling the supply crisis and is hitting the ground running to build 1.5 million homes by 2031.

I can tell you, Madam Speaker, with absolute certainty that we are not going to waver in our efforts to deliver the homes that Ontarians need. We know that the fundamental factor driving rents out of reach for Ontarians is a lack of supply, and we will keep fighting to build those homes that Ontarians need.

Thank you, Madam Speaker, for letting me kick off our government’s response to the opposition day motion.

I’ll withdraw.

We had the highest construction of purpose-built rentals that we have seen in this province to date.

When there has been no rent control on new buildings, such as what we had under the previous Liberal government and what we have here—we have seen a reduction in rent control.

What we also know is that there are very effective ways to stimulate purpose-built rental construction and more affordable homes in Ontario that don’t involve holding up renters and saying, “You’re going to be the sacrificial lamb for us to tackle the housing affordability crisis. You’re the victims of the crisis. We’re going to make you suffer for the solutions.” That is not a good solution for Ontario today.

I urge you to look at better ways to address our housing supply crisis than making life even more expensive for renters, because they’ve had enough.