London party

Doug Ford promises 1.5 million homes over 10 years in London, Ontario.

Progressive Conservative Leader Doug Ford stopped by London, Ont., late Saturday morning, promising to cut the cost of homes.

Ford says the plan is to build 1.5 million new homes over 10 years.

“Our PC government has opened a record number of new homes,” Ford said. “With more than 100,000 units in just 12 months, this is the highest level of new housing starts in a year since 1987.”

“Last year, our PC government hit a 30-year record for rental housing construction for most units built in a single year since 1991,” Ford continued.

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Additionally, Ford says a re-elected PC government will also update its housing supply action plan each year to implement strategies to build homes faster.

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“Liberals and NDP are talking about a big game to solve Ontario’s housing supply crisis, hoping Ontarians haven’t paid attention to the 15 years they’ve spent creating it,” added Ford. “Our plan to get 1.5 million new homes started will help reduce costs for families by creating the supply that meets homeowner demand.”

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First released in November 2020, the NDP’s housing plan has since been updated to include home equity loans to help first-time buyers put down a down payment. A New Democrat government would offer loans to first-time household buyers earning up to $200,000 a year at up to 10% of the purchase price.

The Ontario Liberals have promised to build “at least” 1.5 million new homes over 10 years. This is the same figure PCs committed to in the Housing Affordability Task Force 2022 report. As part of its pledge, the Liberal Party said it would build at least 138,000 “very affordable” homes, including 22,000 homes for Indigenous people.

— With files from Global News and The Canadian Press

Click to play the video: “Ontario parties try to define the main issues of the 2022 election”

Ontario parties are trying to define the main issues of the 2022 election

Ontario parties are trying to define the main issues of the 2022 election

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