With the recent passage of Bill 60 the Fighting Delays, Building Faster Act, 2025, Ontario has launched one of its most significant housing reforms in years!
Designed to accelerate development, simplify planning processes, and overhaul key rental-housing rules, the legislation is set to reshape the province’s real estate landscape.
Most of the attention so far has been on what this means for tenants and landlords, but anyone involved in the housing market will feel the impact. Bill 60 could influence where new homes get built, how quickly projects move forward, and how the rental market functions in the years ahead.
Here’s a clear, easy-to-understand breakdown of what Bill 60 means for the Toronto real estate market.
1. Faster Development Approvals
One of the main goals of Bill 60 is to speed up how quickly new housing projects get approved. By reducing delays, giving the province more authority, and simplifying some zoning rules, the process becomes much more efficient.
What this means for the market:
- More mid-rise and high-rise buildings, especially near major transit lines
- Developers moving from planning to construction more quickly
- More predictable rules across municipalities, making it clearer where future growth will happen
As a result, more homes and condos will enter the market sooner, giving buyers more options and creating new opportunities in emerging neighbourhoods.
2. Faster Oversight for Investment Properties
Bill 60 also brings significant changes to the rules that govern renting and evictions. These updates aim to speed up the process at the Landlord and Tenant Board and create more certainty for landlords.
Key changes include:
- Faster eviction processes for non-payment of rent
- Shorter notice periods
- Quicker, more structured Landlord and Tenant Board hearings
- Fewer requirements for landlords when they need a unit back for their own use
Whether viewed positively or negatively, these changes lower the perceived risk of owning a rental property.
How this may affect the market:
- Smaller investors who stepped away during years of delays and uncertainty may return to the condo market
- Larger investors may see Ontario as a more predictable, stable place to invest
- More rental units may be renovated, repositioned, or upgraded
Overall, the investment landscape becomes more appealing, which could lead to increased activity in Toronto’s condo and rental markets.
3. Emerging Hotspots Around Transit and Growth Corridors
Bill 60 prioritizes faster development in areas that the province has identified for growth, especially neighbourhoods connected to major transit lines.
Areas to watch include:
- TTC and GO Transit expansion zones
- Future Ontario Line stations
- Municipalities within designated provincial growth areas
- Neighbourhoods where zoning rules previously slowed development
These locations are likely to experience:
- Rapid population and housing growth
- New condo and mid-rise launches
- More competitive pricing in early stages
- Increased interest from investors looking for long-term value
For buyers, this opens the door to promising up-and-coming neighbourhoods. For anyone tracking market trends, staying informed about transit plans and municipal updates will offer a meaningful advantage.
4. A Revitalized Market for Buyers and Sellers
Even though more housing is expected in the coming years, it won’t instantly balance the market, but it will shape how people make decisions.
For buyers, this may mean:
- More options in certain segments, especially condos and new builds
- Less pressure to rush, with more units becoming available
- Growing interest in pre-construction and emerging neighbourhoods tied to transit
For sellers, this may mean:
- Increased competition, particularly in the condo and new-development space
- The need for strategic pricing and strong marketing to stand out
What does it mean for established segments?
Overall, these changes mean buyers and sellers may need to look for more guidance. Understanding how Bill 60 affects future supply and neighbourhood growth becomes essential for making confident decisions.
5. More Data and Regulation
As more legislation impacts planning, zoning, and tenancy, clients expect their realtor to:
- Understand the regulatory landscape
- Interpret development timelines
- Explain risks and benefits for investors
- Provide neighbourhood growth projections
- Anticipate how supply will shift over 3-10 years
Final Thoughts: Bill 60 Marks a New Chapter for Ontario Real Estate
Bill 60 introduces changes that will shape the housing market for years to come – from how quickly new homes are built to how investors, buyers, and sellers make decisions.
It will bring new opportunities, new neighbourhood growth, and a shifting landscape that will influence pricing, supply, and the overall feel of communities across the province.
For anyone navigating the market, understanding these changes can help you make informed decisions.
Our role is to stay on top of these developments, watch how they unfold across Toronto, and guide you through the decision-making as they impact your plans.
As the market evolves, having clear advice and up-to-date insights becomes more valuable than ever. If you have questions about how Bill 60 may affect your neighbourhood, your home value, or your next move, we’re here to help.
Reach out to us at clientcare@lomeirwin.com
