This is bonkers. It is…

This is bonkers. It is blinkered thinking, not considering the wider implications. There needs to be a balance between land used for housing and that for industry and agriculture. People don't just need a place to live, they also need food to eat. There is limited farmland in Ontario. Once it is gone, it is gone forever and shifts the balance of food produced locally. Food will now have to be trucked in from distant places. Did we learn nothing about supply chain disruptions during covid? Look at Europe and the problems smaller countries have with food production because housing has taken over agricultural uses. This is what southern Ontario will look like in 25 years if you allow farms to be paved over. Intensify urban development instead. Build more mutli-plexes and low rise multiple unit buildings instead of honking great big single family homes that sprawl out and require multiple cars per family. Higher urban density is smart as it is amenable to greater public transportation and vibrant communities where people can walk to services.
Forget making your developer buddies richer and instant millionaires out of speculative farmland owners - the majority of Ontario society will be robbed in this scenario of allowing oligarchs to steal Ontario assets for themselves.