Ontario home construction levels up, but still far off pace for 1.5M target

The pace of new home construction is picking up in Ontario, though it is still far off the levels needed for the government to achieve its pledge to build 1.5 million homes by 2031, the

"I mean, that's pretty creative on the part of the government, I would say, but ... they're misleading Ontarians, right, into thinking that somehow this housing is getting built fast enough." Municipal Affairs and Housing Minister Paul Calandra is expected to soon introduce new housing legislation aimed at boosting supply, though the premier has already adamantly ruled out automatically allowing fourplexes in municipalities across the province.

Ontario is also spending $155 million to increase a construction funding subsidy for building long-term care homes, which the government said will fast-track the process. The average monthly mortgage carrying cost is now about $4,600, well above the previous peak from the 1980s when adjusted for inflation. Ontario to balance budget ahead of 2026 election, citing delay due to 'economic uncertainty'

A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a threat than in the past few decades.Environment Canada issues alerts over heavy snowfall and freezing rainVisa and Mastercard reached an estimated US$30 billion settlement to limit credit and debit card fees for merchants, with some savings likely to be passed on to consumers through lower prices.

A convenience store in Chatham is opening its doors to lost or troubled cyclists as the weather warms and biking season begins.It is part of an agreement with Lakeshore for hosting a brand new power line through the municipality. In total, Hydro One is spending $8 million across Lakeshore, with $5.8 million of which going directly to parks, recreation and culture projects.

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Ontario home construction levels up, but still far off pace for 1.5M targetTORONTO — The pace of new home construction is picking up in Ontario, though it is still far off the levels needed for the government to achieve its pledge to build 1.5 million homes by 2031, the budget released Tuesday shows.
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Province investing nearly $2B into program and fund aimed at building homes fasterThe Ontario government is putting more than $1.8-billion into a program and fund to help achieve their goal of building at least 1.5-million homes by 2031. T
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