Government of Ontario Commits to Lowering the Cost of Homeownership in 2026 Budget

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentTORONTO, March 26, 2026 (GLOBE NEWSWIRE) — “Ontario’s nearly 100,000 REALTORS® know the true value that homeownership brings. That’s why the Ontario Real Estate Association (OREA) has made it our mission to keep the dream of homeownership alive by advocating for the Government of Ontario to focus on reducing barriers to housing affordability, bringing more supply to market, and supporting growth in our communities.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentToday’s 2026 Ontario Budget reiterates the Province’s commitment to doing just that. OREA commends the Ford Government for their efforts to protect Ontario during these uncertain economic times by championing pro-housing policies, keeping workers on the job, and helping Ontarians keep more money in their pockets.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentTheir proposal to expand the HST exemption to all buyers of new homes, up to certain amounts, is a prime example of their ongoing commitment to give Ontarians financial relief. This proposal, pledged in partnership with the federal government, will help move the needle for those on the sidelines and help more Ontario families afford a home.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentLowering housing costs by providing incentives and new, innovative pathways to homeownership is a fantastic way to bring housing affordability within reach. To keep up that momentum, the Government of Ontario needs to prioritize policies that will have the most impact, including addressing the runaway costs of development charges (DCs) – which is why we are pleased to see today’s budget commit to working with the federal government to find solutions to reduce DCs.Article contentOREA stands ready to work with the government on solutions to fix the housing affordability crisis in Ontario and we know there’s a lot to be done. We thank Premier Doug Ford and Minister of Finance Peter Bethlenfalvy for putting this budget forward and standing up for Ontarians, ensuring more young people and their families can make their homeownership dreams come true.”Article content– Kim Fairley, 2026 OREA PresidentArticle contentFor more information, please contact:Article contentJean-Adrien DelicanoSenior Manager, Media Relations, OREAJeanAdrienD@orea.com416-459-6059Article contentArticle contentArticle contentArticle contentArticle contentArticle contentTrending Iran oil revenue soars as it's the only exporter out of Hormuz Oil & Gas Meet the Canadian e-bike maker who is redefining the factory floor Electric Vehicles Quebec demands Air Canada’s CEO resignation in 92 to 0 vote Airlines Markets could be making the wrong call on interest rates Investor LNG Canada signs key pipeline agreement required for phase two expansion Energy Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Iran oil revenue soars as it's the only exporter out of Hormuz Oil & Gas Meet the Canadian e-bike maker who is redefining the factory floor Electric Vehicles Quebec demands Air Canada’s CEO resignation in 92 to 0 vote Airlines Markets could be making the wrong call on interest rates Investor LNG Canada signs key pipeline agreement required for phase two expansion Energy