This is great proposal that…

This is great proposal that demonstrates the province of Ontario's willingness to create an improved business environment for developers and homebuilders, which will be of great help in the push to add to the housing supply.

If I may make a suggestion: it would be beneficial to amend the AM Best rating requirement from A to A- which would be in alignment with industry standards. Important to note that both A and A- are categorized as "Excellent" with AM Best, and any surety company that is rated A- is considered to be a top-notch surety with excellent credit quality. Furthermore, if sureties rated A- are prevented to participate, that would materially limit developers' access to a wider surety marketplace. There are two surety companies that come to mind, that are both rated A- with AM Best but are long-standing companies with excellent credit and reputation: Trisura Guarantee Insurance Company and Tokio Marine Canada. It would be a shame if those two companies were prevented from issuing surety bonds in Ontario.

Thank you.