Ontario’s Greater Toronto Area Real Estate construction starts fell 34% in the first nine months of 2025.
Condo starts dropped 51%, while purpose-built rental starts rose 42% across the Greater Golden Horseshoe.
Seventeen of 34 Ontario municipalities received failing grades for weak housing starts and pre-construction sales.
Reduced Real Estate construction caused 35,377 fewer person-years of employment across Ontario during 2025.
Canada needs 3.2 million homes in 10 years, yet annual supply falls short by 65,000 units.