Ontario Home Construction has Hit Pause Button: Housing Minister

Ontario's housing construction sector is in a standstill, threatening the province's goal of building 1.5 million homes by 2031, according to the Housing Minister. A significant drop in new housing starts has been recorded, particularly due to reduced activity in the Toronto area. Discussions are ongoing to modify the criteria of the Building Faster Fund to better assess municipal permit issuance. This comes amid calls for government intervention following a drastic decrease in new home sales in Ontario.