Between 2024 and 2026, the province projects seeing 268,100 housing starts based on an average of private sector forecasts: 84,500 in 2024; 89,200 in 2025; and 94,400 in 2026.
While the number is higher than previously projected, it is well below the targets set by the Minister of Municipal Affairs and Housing. In a letter to municipalities, Paul Calandra recently outlined the new benchmarks the province would aim to reach every year until 2031.
Calandra’s letter also laid out the expectation that the province would see at least 110,000 housing starts in 2023 — a figure that isn’t achievable, according to projections accepted by the province. The government’s spending bill is projecting 89,500 housing starts in 2023, just 81 per cent of the provincial benchmark.
According to a provincial tracker just nine municipalities, including Toronto, have met or exceeded their housing targets, while 38 municipalities have not met this year’s targets.Canada’s foreign interference inquiry work officially starts. What to know
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