Intersting. The collapse of the shoebox, investor condo market in Toronto is lowering the number of housing starts in Ontario, and it’s skewing the national numbers.
> Housing starts are at or above long-run averages in every region except Ontario. While the province has seen some recovery from subdued levels reported early in 2025, starts are still trending around levels seen between 2015 and 2019, before ultra-low interest rates sparked a surge in pandemic-era housing activity and the 2022 to 2024 population boom, Sondhi says. In Ontario itself, the Greater Toronto Area highlights the weakness in housing activity. Condo construction is “trudging rock-bottom depths, with starts trending near their lowest level since the Global Financial Crisis,” he says.
paperfire on
Toronto condo market has crashed. The investors have fled and new condo sales have collapsed. Ontario can’t ramp up housing without pre-construction condo sales.
Le1bn1z on
Without reading: it’s Ontario.
(Checks article) oh look what a surprise!
The one province that has electorally rallied hard behind provincial government and municipal councilors most committed to not solving the problem at best and making it as bad as possible at worst is not building new supply.
That is the usual consequence of explicitly pursuing policies to block new housing.
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Intersting. The collapse of the shoebox, investor condo market in Toronto is lowering the number of housing starts in Ontario, and it’s skewing the national numbers.
> Housing starts are at or above long-run averages in every region except Ontario. While the province has seen some recovery from subdued levels reported early in 2025, starts are still trending around levels seen between 2015 and 2019, before ultra-low interest rates sparked a surge in pandemic-era housing activity and the 2022 to 2024 population boom, Sondhi says. In Ontario itself, the Greater Toronto Area highlights the weakness in housing activity. Condo construction is “trudging rock-bottom depths, with starts trending near their lowest level since the Global Financial Crisis,” he says.
Toronto condo market has crashed. The investors have fled and new condo sales have collapsed. Ontario can’t ramp up housing without pre-construction condo sales.
Without reading: it’s Ontario.
(Checks article) oh look what a surprise!
The one province that has electorally rallied hard behind provincial government and municipal councilors most committed to not solving the problem at best and making it as bad as possible at worst is not building new supply.
That is the usual consequence of explicitly pursuing policies to block new housing.