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Why is Ontario falling behind on its housing targets?

In May 2024, Ontario added 7,062 units, a 23 per cent increase from the same time last year but still roughly 5,400 units fewer than the monthly target. In fact, Ontario hasn't once hit its 12,500 target since 2022, CMHC's numbers show.

Published Jun 21, 2024 at 11:50am

Marco Vigliotti
Barbara Patrocinio
By
Marco Vigliotti
& Barbara Patrocinio
Why is Ontario falling behind on its housing targets?
Paul Calandra, Ontario's Minister of Municipal Affairs and Housing, attends Question Period at the Ontario Legislature in Toronto, Tuesday, Nov. 28, 2023. (Chris Young/The Canadian Press)

New data from the Canada Mortgage and Housing Corporation shows Ontario once again failed to meet its monthly home starts goal in May.

A February 2022 report from the province's housing affordability task force said Ontario needs to build at least 1.5 million homes by 2031 to meet growing demand. That works out to 150,000 new units each year, or 12,500 per month.

In May 2024, Ontario added 7,062 units, a 23 per cent increase from the same time last year but still roughly 5,400 units fewer than the monthly target.

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