Ontario budget shows lower projections for new home construction

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Projections in Ontario's budget for housing starts show the province's target to build 1.5 million homes in 10 years slipping further out of reach with each passing year.

Nearly 100,000 homes were built in the province in 2022, the first year counting toward the goal, but the forecast shows the number of housing starts in the next few years struggling to crack 80,000 annually.

He says the numbers don't reflect some of the government's recent steps to spur new home construction, including a law that, in part, freezes, reduces and exempts fees developers pay on certain builds such as affordable housing. "With a massive skilled trades shortage looming, training the next generation of workers to build those houses is equally important ," he said in a written statement.

"These are the types of decisions that the Ontario Government must encourage in other cities and communities across the province if we want to solve the housing affordability crisis." The number of home resales is expected to decline by nearly nine per cent in 2023, though they are expected to rebound 21 per cent the next year before returning to more consistent levels, the government said in the budget.

 

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How much of this media is behind fordnation

Seen this coming down the pipe! Now fordnation will claim they need more “Greenbelt”

And the ones that will be built, will be on the Greenbelt by the most corrupt premiere we have seen in office. Does fordnation tellvthectruthcabout anything? Grrrrr

The Unvaccinated have crippled the housing market for thousands if not 10s of thousands of years. We need to seriously consider removing the Unvaccinated from their homes to provide shelter for LGBT/ Ukrainian/Minority groups who are the salt of the earth. Praise Lord Zelensky🇮🇱

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Ontario budget shows lower projections for new home constructionProjections in Ontario's budget for housing starts show the province's target to build 1.5 million homes in 10 years slipping further out of reach with each passing year. Stop bringing people in to the country crime is already out of control! 1.5 million homes in 10 years, the homes will be sold for 1.5 million each as our inflation continues to rise while North American leaders continue to transfer our wealth to Ukraine. Doug Ford's goverment cannot produce !
Source: CTVToronto - 🏆 9. / 84 Read more »