The Ontario government has officially passed Bill 60 – the Fighting Delays, Building Faster Act, 2025, a sweeping housing and planning bill aimed at speeding up development and reducing delays in the real estate system. While it affects many sectors, the most significant and immediate impact will be felt in the housing market, rental market, and future development across the province.
As a real estate professional serving Oakville and the GTA, here’s what you need to know — and what your clients should be aware of.
1. Faster Rental Evictions Will Change the Rental Landscape
Bill 60 introduces major changes to the Residential Tenancies Act, including:
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Eviction for non-payment can now begin after 7 days of missed rent (previously about 14 days).
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Appeal timelines have been shortened, meaning faster enforcement of eviction orders.
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For “personal use” evictions, landlords no longer have to pay one month’s rent in compensation — they only need to provide 120 days’ notice.
Impact on the Real Estate Market
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Landlords and investors may find rental property easier to manage, with fewer delays at the Landlord and Tenant Board.
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Tenants face more uncertainty, which may push some renters to consider buying instead of renting.
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Developers planning renovations or repositioning older rental stock will see fewer administrative hurdles.
2. Development Approvals and Fees Are Being Streamlined
Bill 60 gives the province more authority to simplify and standardize development charges, zoning, and municipal approvals.
Impact on the Real Estate Market
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More new housing projects may come online sooner, especially in high-growth areas like Oakville and the western GTA.
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Potential for more inventory in coming years, especially mid-rise and high-rise developments.
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Developers will face less municipal red tape, which could make certain projects more financially viable.
This could gradually help balance supply and demand — but the results will take time to materialize.
3. Increased Provincial Power Over Planning Decisions
The province now has greater ability to override local planning decisions to accelerate housing construction and infrastructure.
Impact on Buyers & Sellers
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Neighbourhoods may see faster changes, such as higher-density housing or redevelopment.
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Homeowners near transit corridors or growth zones may experience increased property value as lands become more favourable for development.
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Municipalities have less power to block or slow new projects, which could reshape local housing mixes.
4. Stronger Incentives for Investors and Builders
With faster approvals, more predictable timelines, and fewer delays in tenant turnover during redevelopment, Bill 60 may attract:
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More investors to multi-unit properties
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More developers to infill and intensification projects
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More renovation and repositioning of older buildings
This could lead to a modernization of aging housing stock across Ontario.
5. What This Means for Buyers, Sellers, and Seniors
For Buyers
For Sellers
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Homes on large lots, corner lots, or near transit are becoming more attractive to builders and investors.
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More redevelopment activity could increase demand in certain neighbourhoods.
For Seniors Downsizing or Transitioning
