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Ontario's Housing Goals Slip, New Tax Rebate Unveiled

Published 6 days, 4 hours ago
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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