Residential Construction In Ontario Faces Its Darkest Hour

Ontario's residential construction industry is experiencing its worst period in decades due to high taxation, rising costs, and restrictive government policies. This has led to falling housing starts and sales, job losses, and a potential decrease in GDP. The article calls for unified government action to lower taxes, development charges, and streamline approval processes to address the housing crisis. The Canadian federal government has made some tax changes to aid first-time homebuyers, but more comprehensive solutions are needed.