New data reveals a complex picture of the GTA’s housing market. While overall housing starts in Canada surged at the end of 2025, driven by a significant increase in rental construction, a closer look reveals potential weaknesses. A TD economist points to Ontario as a key driver of this trend, but also cautions that these gains may be unsustainable due to elevated construction costs and weak pre-sales activity. The shift towards multi-family projects and a slowdown in single-detached homes could mean continued challenges for buyers seeking affordable options amidst high rates and limited resale supply. Despite a strong year, Canada still falls short of its housing targets. Read the full article to understand the implications for the GTA market.
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