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Ontario Housing Target Still Out of Reach
Description
Ontario’s housing starts dipped 3% year-over-year last month, but the annual pace remains sluggish—just 15% of the 1.5 million-unit target achieved so far, with half the year already passed. Despite government efforts—including tax breaks, reduced development fees, and shifting blame to interest rates and permitting costs—progress remains painfully slow. Officials admit the ambitious goal may be unrealistic, as builders report increased activity but the province still trails far behind.
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