Episode Details
Back to EpisodesOntario's Housing Goals Slip, New Tax Rebate Unveiled
Description
Ontarios housing plans face significant setbacks, with forecasts for new homes plummeting from 1.5 million to just 276,900 by 2031. The latest budget reveals a sharp decline in housing starts, with the government shifting focus from the big number to immediate affordability measures. The resale market also took a hit last year, but forecasters predict a rebound in 2026. The province has expanded its sales tax rebate to stimulate new construction, aiming to ease the ongoing housing crunch.
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