Ontario's Fall Economic Statement downgraded housing start forecasts for the next three years, despite the province’s ambitious target of 1.5 million new homes by 2031.
But can the province still achieve this goal? Experts say that without bold policy changes, it’s increasingly unlikely.
According to Bethlenfalvy’s update, housing starts for 2024 are projected at 81,300, marking a consecutive annual decline that leaves the government well short of its yearly target of 125,000.