Is the government's goal of building 1.5 million homes by 2031 slipping further out of reach?
The province’s 2026 budget paints a sobering picture of a housing sector still weighed down by economic uncertainty, with new projections showing construction activity slowing and expectations shrinking yet again.
According to the fiscal plan tabled Thursday by Finance Minister Peter Bethlenfalvy, Ontario is now expected to see roughly 276,900 housing starts between 2025 and 2028, a drop of more than 10 per cent from projections released just months ago in the 2025 fall economic statement.