📢 Bill 60 – A Turning Point for Ontario’s Rental and Housing Market
On November 24, 2025, the Ontario government officially passed the Fighting Delays, Building Faster Act, 2025 (Bill 60). This legislation marks a significant institutional shift aimed at addressing the housing affordability crisis and improving the efficiency of the rental housing system across the province.
As the pressure on housing supply and systemic delays continues to affect families and first-time buyers, Bill 60 introduces practical reforms to accelerate home construction and modernize the rental tribunal process.
1. Modernizing the Landlord and Tenant Board (LTB)
One of the core pillars of Bill 60 is the reform of the Landlord and Tenant Board (LTB) to resolve long-standing procedural delays.
- Accelerating Dispute Resolution: The act aims to streamline hearing timelines and adjudication processes, particularly for cases involving rent arrears.
- Restoring Systemic Trust: By reducing case backlogs, the legislation seeks to provide both landlords and tenants with a more transparent, balanced, and predictable dispute resolution system.
- Procedural Consistency: The reforms include shortening the timeline for set-aside motions from 30 days to 15 days, ensuring that legal conclusions are reached more efficiently for all parties involved.
2. Enhancing Transparency in Development Charges (DCs)
Bill 60 also addresses the complexities of Development Charges (DCs), which have historically contributed to unpredictable construction costs.
- Standardizing Calculations: The legislation introduces a more consistent framework for how municipalities calculate and report DC reserve funds.
- Reducing Approval Delays: By clarifying infrastructure cost-sharing, the act reduces uncertainty for builders, which is expected to lower the barriers to delivering new, diverse housing options.
3. Industry Perspectives: TRREB’s Response
The Toronto Regional Real Estate Board (TRREB) has welcomed Bill 60 as a necessary step toward removing barriers to housing development. TRREB highlights that while LTB reform is a major milestone, ongoing collaboration between provincial and federal governments—such as expanding HST rebates—remains essential for long-term market health.
4. Professional Implications for the Real Estate Market
From a professional perspective, Bill 60 focuses on creating a favorable landscape through procedural clarity rather than mere deregulation.
- Risk Mitigation: Faster resolution of disputes and standardized development costs reduce the legal and financial uncertainties for property owners and builders alike.
- Long-term Stability: Greater supply responsiveness and a functional rental tribunal are key to stabilizing the broader housing market dynamics in Ontario.
Conclusion Bill 60 represents a move toward a more efficient and accountable housing market. At Team Yoon Real Estate Services, we believe that success in this evolving landscape requires staying informed and adapting to new procedural standards. We are committed to providing our clients with objective, data-driven insights to navigate these legislative changes with confidence.
