Greater Toronto Area (GTA) homebuilding saw a modest increase in 2025, yet CMHC warns the construction boom is losing steam. While national housing starts climbed 5.6% year-over-year, driven by record rental construction, the GTA experienced a significant 31% drop, offsetting gains in other major Canadian cities. Economic uncertainty, high interest rates, and construction financing constraints are hindering new projects, particularly high-density ones. CMHC emphasizes that current construction levels remain far below what’s needed to restore housing affordability by 2030. Experts call for streamlined municipal processes to boost housing supply and address the growing disconnect between housing demand and project feasibility. For a deeper dive into the numbers and expert analysis, read the full article on mpamag.com.
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