Niagara Falls MPP Wayne Gates is asking Premier Doug Ford to create a plan to tackle rising housing prices in Niagara.
During Question Period today, Gates noted a recent Desjardins study, which indicated that housing affordability in Niagara has dropped 14 percent during the first quarter of this year.
This was the worst drop in the entire country, and data indicates the average sale price of houses in the region has hit $717,702.
Gates says this points to a housing crisis in the region.
People from our own community literally cannot afford to buy a home here. Parents are watching as their kids have no choice but to leave the community they were raised in. Residents of Niagara have known this for years as their kids have been priced further and further out of the market. Houses are facing multiple offers and bidding wars, regularly selling well over asking price, sometimes $100,000 over asking. Who can afford that?"
Gates also says that his office is receiving calls from residents being evicted to accommodate renovation plans by the owners, only to then find the same units advertised at a much higher rent.
Moyer Farms Making $12M Investment
Niagara Falls Going Green for St. Patrick's Day
St. Catharines RIDE Campaign
Davies Challenges Gov't on EV Support
Welland's Plan for Hospital Contribution
New GO Station Coming to Niagara
Most Serious Collisions in Summer: Region
Coach Service Added to Airport