The Greenbelt Act helped drive up residential housing prices in the Greater Toronto Area.
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Between 2008/09 and 2019/20, the province's net debt increased by $71.8 billion.
Ontario's debt interest costs will rise by 21 per cent.
In 2019/20, equalization comprised 21 per cent of provincial government revenue in Prince Edward Island.
The share of Canadians age 65 or over is forecasted to rise from 17.4 per cent to 22.5 per cent.
According to government forecasts, Ontario’s debt will climb to $502 billion in 2023/24.
In April, the average price for a home in Canada hit $723,500.
Government salaries and benefits comprise approximately 42 per cent of the province's spending.
At $2,055 per person, the province's government debt burden is the highest in Canada.
The Horgan government plans to build 9,000 housing units for middle-income earners.
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