While Canadian housing starts ended 2025 on a strong note, driven by a surge in rental construction, a closer look reveals a more complex picture for the GTA. December saw an impressive 11% jump in housing starts, but economist Rishi Sondhi suggests this may be unsustainable, particularly in Ontario where construction costs are high and pre-sales are weak. The increase was primarily fueled by multi-family projects, while single-detached home construction remained flat, offering little relief for buyers facing high rates and limited resale supply. Despite a 5.6% increase in housing starts compared to 2024, Canada remains far from meeting its affordability targets. Experts warn that housing starts are likely to moderate due to slower population growth and rising vacancy rates. For a deeper dive into the numbers and expert analysis, read the full article on mpamag.com.
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