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Ontario Introduces Legislation to Help Homebuyers and Seniors

Province Making Housing and Public Transit More Affordable

news.ontario.ca
May 17, 2017

Ontario has introduced legislation that would, if passed, increase housing affordability for people in the Greater Golden Horseshoe (GGH) and make public transit more affordable for seniors across the province.

The Budget Measures Act (Housing Price Stability and Ontario Seniors' Public Transit Tax Credit), 2017 would:

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“With a growing economy and a balanced budget, we are investing in key services and programs while finding ways to reduce everyday costs for families. These include addressing recent price increases in our housing market and helping seniors stay engaged in their communities by reducing travel costs when they use public transit.”
Charles Sousa, Minister of Finance