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Ontario forecasted to build less than half of 1.5M homes pledged by 2031, costing the province $6B and 41,000 GTA jobs

At the current pace, Ontario would fall short by roughly 708,000 homes over the nine years from 2023 to 2031, more than half of the entire 1.5 million pledge. The shortfall could cost Ontario $6B and 41,000 jobs, experts say.

Barbara Patrocinio
Barbara Patrocinio
Ontario forecasted to build less than half of 1.5M homes pledged by 2031, costing the province $6B and 41,000 GTA jobs

Ontario Premier Doug Ford attends a media availability at Ontario Place in Toronto on Tuesday June 24, 2025. THE CANADIAN PRESS/Chris Young