Again, I want to thank my honourable colleague for the question. In addition to the record purpose-built rental starts that we had last year, our latest piece of legislation, More Homes Built Faster Act, offers incentives for the construction of more rental units by reducing development fees: 25% on three-or-more-bedroom units, a 20% discount on two-bedroom units and a 15% discount on one-bedroom units.

To further increase rental supply, we also introduced as-of-right policies in our most recent bill to allow for more units to be constructed on existing residential lots. Other legislation allows for basement apartments, garden houses or main residences to have up to three rental units without obtaining additional building permits or paying any additional development fees.

Ontarians deserve to have affordable options when it comes to housing, and as we’ve said before, we’re going to continue fighting for every Ontarian to make sure they do in this province.

I want to thank my hard-working colleague from Richmond Hill for that wonderful question and certainly for her tireless work in our community.

We know housing prices have skyrocketed. We have seen report after report saying the same thing, which is why we have committed to introducing a housing action plan every year to address the crisis that we are currently in.

Our most recent bill, More Homes Built Faster Act, which was introduced just earlier this week expanded on our agreement to work with municipalities by introducing as-of-right policies. These new measures allow up to three units to be added on a residential property without needing a bylaw amendment or having to pay development charges. This means basement apartments, main residence, the garden house can be converted into a home without any barriers. It will immediately increase supply and provide some relief for local residents like those in Richmond Hill.

Speaker, this is just one of the many ways our government under the leadership of Premier Ford is getting it done for Ontarians to build 1.5 million homes in the next 10 years.

Speaker, we will be building more homes and building them faster by reducing unnecessary costs and expenses that are passed down directly to the consumer.

We’re making it easier and more predictable for builders to determine project costs and timelines so more homes can be built on budget and on time. We’re also setting local municipal housing targets in 29 of the largest municipalities to encourage home construction and development.

For example, right here in the city of Toronto, we’re asking the city to build 285,000 more homes in 10 years, and in my riding—which I am proudly sharing with my colleague from Richmond Hill—we’re asking the same, for the city to build more than 27,000 new homes in that same time period.

Mr. Speaker, we are taking the necessary, bold steps that are needed to get more homes built faster. Our most recent bill adds to the foundation that is required to build 1.5 million homes. We are laser-focused on making sure Ontarians have a house to go to every single night—one that is loving and safe for them—and we will not waver from that commitment.