GTA must adjust housing mix to accommodate demographic shifts: BILD

A report by the Missing Middle Initiative, commissioned for BILD and OHBA, emphasizes the need for the Greater Toronto Area (GTA) to increase construction rates and focus on larger housing units due to demographic changes. The study suggests that 30,000 ground-oriented homes and 20,000 apartment units are necessary annually to meet demand. Young families are leaving the GTA in search of larger, more affordable housing, underscoring the need for policy reforms to lower development taxes, streamline approvals, and expand land availability. The report's recommendations aim to address the housing crisis and improve affordability in the region.