Within the wake of a report figuring out Toronto as Canada’s “epicenter of weakness” for homebuilding, the Ford authorities is unwilling to say if it could nonetheless construct 1.5 million new properties by 2031.
The latest information from the Canada Mortgage and Housing Company present that roughly midway by means of 2025, Ontario is having fun with an excellent much less productive yr than it did in 2024, when it fell tens of hundreds of items in need of its targets.
From January to July this yr, Ontario has seen simply 33,821 new homes begin, a drop of 25 per cent from the numbers it recorded on the similar time final yr.
The information reveals Ontario’s figures are by far the worst within the nation.
Begins in Quebec are up 38 per cent year-on-year, whereas British Columbia is down 4 per cent. Atlantic Canada is up 16 per cent, and the Prairies have elevated by 24 per cent.
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A report from the CMHC revealed this week famous “confidence was especially weak in Ontario and British Columbia,” including begins on new condos in Toronto had “plummeted,” with presales at their lowest stage since 2009.
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“Among Canada’s largest cities, Toronto was the epicenter of weakness for residential construction in the first half of 2025,” the report added. “While all housing types in the region posted annual decreases over this period, the condominium apartment segment — facing ongoing struggles — was the largest drag on activity.”
The Ontario NDP mentioned the federal government had “thrown in the towel” on housing.
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“Families in Toronto and across Ontario are being crushed by the housing crisis while the Ford government has failed on every metric when it comes to increasing housing starts,” NDP MPP Catherine McKenney mentioned.
“We hear Ford say that governments don’t build homes, but they continue to demand that municipalities do the job for them. Then he tells Ontarians that his own experts’ advice to allow for more housing in more places won’t help to increase the number of homes being built.”
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Housing Minister Rob Flack not too long ago conceded the outlook was bleak.
“Potential new home buyers have hit the pause button,” he mentioned in August. “We’ve seen the housing market come to a standstill.”
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“While we’ve made progress, we face challenges beyond our control — global economic uncertainties, supply chain disruptions, and with President Trump’s tariffs, it is not business as usual.”
The assertion, which listed varied authorities funds and laws, didn’t say if the aim of 1.5 million properties was nonetheless achievable.
“Doug Ford has thrown in the towel when it comes to building homes,” mentioned Ontario NDP MPP Jessica Bell.
“Condo construction is in free fall, rental projects are stalling, and Ontarians are paying the price for Ford’s failures.”
