VAUGHAN, ONT. – The Residential Construction Council of Ontario (RESCON) has released a statement saying it is pleased that housing, immigration and stability of the supply chain would be federal government priorities as indicated in the Nov. 23 federal throne speech.
“Lack of housing supply was identified during the recent federal election as a critical issue that must be addressed because it threatens to derail our economic recovery,” stated RESCON president Richard Lyall in a release. “We are glad to hear that the government is committed to working with its partners to get real results on the issue and the industry is looking forward to helping find solutions to the problem.”
The speech delivered by Gov. Gen. Mary Simon noted that a $4-billion Housing Accelerator Fund will help municipalities build more and speed-up approval times. Canadian families will also be able to buy their first home sooner with a more flexible First-Time Home Buyer’s Incentive as well as a new Rent-to-Own Program.
The government noted in the speech that it will continue increasing immigration levels and reducing wait times, and also that the country’s prosperity depends on ensuring the supply chains are strong and resilient.
“The construction industry has traditionally relied on immigration to fill any labour gaps,” said Lyall. “In addition to domestic recruitment, we need immigrants with the skills to work in construction to replace older workers who are retiring. We must keep pace with demand and should welcome immigrants interested in specialized careers in the residential construction sector.”
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