Ontario looks at counting student residences toward aim of building 1.5 million homes

📆 4/9/2024 5:25 PM
📰 globebusiness

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Paul Calandra wrote in a letter to Mississauga’s acting mayor last month that the ministry is tracking housing starts as defined by the Canada Mortgage and Housing Corporation

Ontario’s minister of municipal affairs and housing is looking at counting student residences and retirement homes toward the province’s goal of building 1.5 million homes in 10 years.

Ontario’s spring budget shows the pace of new home construction is picking up in Ontario, with 80,000 housing starts projected in 2024, but is still far off the levels needed to get to 1.5 million homes by 2031.

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