Federal Budget Highlights Shortage of Current Housing Supply, Says Ontario Home Builders’ Association

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At least one million homes will need to be built over the next ten years, and OHBA President Bob Schickedanz says the association is ready and willing.

The Ontario Home Builders’ Association (OHBA) says the 2022 federal budget, which provides $10 million for housing, has highlighted the current lack of housing supply.

According to OHBA President Bob Schickedanz, the association is pleased with the supports and incentives included in the budget to help more Canadians settle into a new home.

“[Housing supply] is a problem across the country, and particularly in Ontario, people are actually quite upset and frustrated buying new homes,” Schickedanz said. Sam Laprade’s show Friday, April 8. “Our position is obviously that we need to build more houses.”

He adds that the supports included in the budget aimed specifically at building more houses will compel the association to redouble its current efforts.

The OHBA estimates that at least one million homes will need to be built over the next ten years, and Schickedanz says the association is ready and willing.

“The average of the last 10 years, we’ve built about 65,000 units a year, so we all have to roll up our sleeves to get the job done – that’s important,” he explained.

Listen to Schickedanz’s full interview on The Sam Laprade Show below:

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