Two years and multiple housing laws since the Ford government promised to build 1.5 million new homes in a decade to solve Ontario’s housing crisis, key indicators suggest home construction is grinding to a trickle.
The number of housing starts in the first half of 2024 has lagged behind the previous year, while June saw a 44-per cent drop year-on-year. At the same time, new home sales — which can predict future home construction — are also falling.
And we’re on track to bring in even more foreign students than last year.
