RESCON commends recognition of Speech from the Throne Housing, Immigration
VAUGHAN, ONT. – The Ontario Home Construction Council (RESCON) released a statement saying it is pleased that housing, immigration and supply chain stability are priorities for the federal government, as outlined in the Federal Throne Speech of November 23.
“The lack of housing supply was identified in the recent federal election as a critical issue that must be addressed as it threatens to derail our economic recovery,” RESCON Chairman Richard Lyall said in a statement. “We are pleased to hear that the government is committed to working with its partners to achieve concrete results on the issue and the industry looks forward to helping find solutions to the problem.
Governor General Mary Simon’s speech noted that a $ 4 billion housing acceleration 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 incentive and a new option-to-buy rental program.
The government said in the speech that it will continue to increase immigration levels and reduce wait times, and also that the country’s prosperity depends on strong and resilient supply chains.
“The construction industry has traditionally relied on immigration to fill labor shortages,” Lyall said. “In addition to national recruiting, we need immigrants with the skills to work in construction to replace older workers who are retiring. We need to keep pace with demand and welcome immigrants interested in specialized careers in the residential construction industry.