Ontario Appoints Housing Affordability Task Force

Published on December 06, 2021

Task Force of experts to provide recommendations on further opportunities to address housing affordability

 

Steve Clark, Minister of Municipal Affairs and Housing, has named the chair and members of Ontario’s new Housing Affordability Task Force. The Task Force will explore measures to address housing affordability, including increasing the supply of market housing, reducing red tape and accelerating timelines, and supporting economic recovery and job creation. The Task Force will provide the province with recommendations on additional measures to address market housing supply and affordability.

Jake Lawrence, Chief Executive Officer and Group Head, Global Banking and Markets, Scotiabank

Jake Lawrence is Chief Executive Officer and Group Head, Global Banking and Markets, at Scotiabank. He is responsible for Scotiabank’s Global Banking and Market’s business line and strategy across its global footprint. Mr. Lawrence joined Scotiabank in 2002 and has held progressively senior roles in Finance, Group Treasury and Global Banking and Markets. Specifically, he was Co-Group Head of Global Banking and Markets with responsibility for the Capital Markets Business; Executive Vice President and Head of Global Banking and Markets in the U.S.; Scotiabank’s Deputy Treasurer as well as senior Vice President, Investor Relations. Mr. Lawrence is a member of the Advisory Council for Women in Capital Markets. With his two sons, he is actively involved with youth sports. He was appointed Chair of the Canadian Advisory Board for Right To Play in 2021.

He will serve as chair of the Task Force.

Lalit Aggarwal, President, Manor Park Management

Lalit Aggarwal is the President of Manor Park Holdings, a real estate development and operating company. Previously, Mr. Aggarwal was an investor for institutional fund management firms, such as H.I.G. European Capital Partners, Soros Fund Management, and Goldman Sachs. He is a past fellow of the C.D. Howe Institute and a former Director of both Bridgepoint Health and the Centre for the Commercialization of Regenerative Medicine. Mr. Aggarwal holds degrees from the University of Oxford and the University of Pennsylvania and is also a current Director of the Hospital for Sick Children Foundation and the Sterling Hall School.

David Amborski, Professional Urban Planner and Professor, Ryerson University’s School of Urban and Regional Planning

David Amborski is a Professor at Ryerson University’s School of Urban and Regional Planning and the founding Director of the Centre for Urban Research and Land Development (CUR). His research and consulting work explores topics where urban planning interfaces with economics including land and housing markets. His specific interests include the area of municipal finance, land development, and land value capture tools. He is an academic advisor to the National Executive Forum on Public Property, and he is a member of Lambda Alpha (Honourary Land Economics Society). He has consulted for all levels of government.

Julie Di Lorenzo, President, Diamante Urban Corp.

As the President of Diamante Urban Corp., Julie Di Lorenzo (GPLLM UofT 2020) operates one of the largest female-run real estate companies in Canada. She served as the first female-owner President of the Greater Toronto Home Builders’ Association (now called BILD) and has served on other boards including: the Ontario Science Centre, Harbourfront Toronto, Tarion (formerly called the Ontario New Home Warranty Program); St. Michael’s Hospital; Waterfront Toronto; Chair of the IREC Committee at Havergal College (Co-Chair of Facilities); Interim Vice-Chair for the York School. Currently, Ms. Di Lorenzo sits on the Board of Governors for OCAD University, NEXT Canada, and the Canadian Civil Liberties Union. The Home Builders’ Association/BILD awarded Julie the Lifetime achievement award in 2017. In 2011, she was the first woman to win the Business Excellence Award from The Italian Chamber of Commerce. In 2021, she was named the Businesswoman of the Year by the Italian Chamber of Commerce Ontario.

Andrew Garrett, Senior Principal, Real Estate, Investment Management Corporation of Ontario

Andrew Garrett is responsible for a wide range of executive activities related to growing the Investment Management Corporation of Ontario’s (IMCO) more than $11 billion Global Real Estate portfolio through strategy development, proactive asset management, and seeking out new investment opportunities. IMCO has over $73 billion assets under management, and is the only Ontario fund manager purpose built to onboard public clients such as pensions, insurance, municipal reserve funds, and endowments. Mr. Garrett holds a Global Executive Master of Business Administration from Kellogg School of Management (Chicago, Hong Kong, and Toronto) and Real Estate Development Certification from Massachusetts Institute of Technology’s Centre for Real Estate.

Tim Hudak, Chief Executive Officer of the Ontario Real Estate Association

Tim Hudak is the CEO of the Ontario Real Estate Association (OREA), Canada’s largest provincial real estate industry association representing 82,000 REALTORS®. Mr. Hudak joined OREA after a distinguished 21 years of public service in the Ontario Legislature – including five years as Leader of the Progressive Conservative Party of Ontario. Since becoming CEO in December 2016, he and his OREA team have focused on transforming OREA into Ontario’s most effective professional association that delivers high-impact advocacy on behalf of REALTORS® and consumers, and provides quality services to members. During his first year as OREA CEO, he was named one of the most powerful people in residential real estate by Swanepoel Power 200 2017/18. He is married to Deb Hutton and together they have two daughters, Miller and Maitland.

Justin Marchand, Chief Executive Officer of Ontario Aboriginal Housing Services

Justin Marchand is Métis and is CEO of Ontario Aboriginal Housing Services. Mr. Marchand has over 20 years of progressive experience in a broad range of sectors including two publicly listed corporations, a large accounting and consulting firm, and a major crown corporation. Mr. Marchand is Chair of the Canadian Housing and Renewal Association’s (CHRA) Indigenous Caucus Working Group as well as a Board member for CHRA, Coalition of Hamilton Indigenous Leadership, and Shingwauk Kinoomaage Gamig. Mr. Marchand has a Bachelor of Commerce (Magna Cum Laude) from the University of Ottawa, is a Chartered Professional Accountant, Certified Management Consultant, and a Chartered Member of the Chartered Institute of Housing Canada.

Ene Underwood, Chief Executive Officer of the Habitat for Humanity Greater Toronto Area

Ene Underwood is CEO of Habitat for Humanity Greater Toronto Area (Habitat GTA), a non-profit housing developer serving Toronto, Brampton, Caledon and the Regions of Durham and York. Habitat for Humanity mobilizes communities to help working, lower income families build strength, stability and self-reliance through affordable homeownership. Homes are delivered through a combination of volunteer builds, contractor builds, and partnerships with non-profit and for-profit developers. Habitat GTA also operates 12 ReStores which sell donated home improvement products, the proceeds of which support the organization’s home-building mission. Ms. Underwood’s mission began in the private sector as a strategy consultant with McKinsey & Company before transitioning into the public and not-for-profit sectors where she held senior leadership positions in some of Canada’s leading hospitals. Ms. Underwood has a Bachelor of Arts (Honours) from the University of Waterloo and a Master of Business Administration from Ivey Business School.

David Wilkes, President and Chief Executive Officer of the Building Industry and Land Development Association

David Wilkes was appointed President and CEO of the Building Industry and Land Development Association of the Greater Toronto Area (BILD) in January 2018. Mr. Wilkes has served the majority of his career working for industry associations previously representing retail and consumer packaged goods industries. Mr. Wilkes is a graduate of Ryerson University and has served on Boards of numerous sports, community, and educational institutions.