GTA Homebuilding Slowdown Could Cost 41,000 Jobs, $10B In Investment: Report

‘The pipeline of future housing supply for the GTA is at risk:’ New report says housing sector slowdown could have big consequences

New home sales in the Greater Toronto Area have fallen by more than 50 per cent so far in 2025 and a new report is warning that the downward trend could eventually mean the loss of 41,000 jobs.

41,000 jobs, 23,000 annual housing starts and $10 billion in investment at risk -- third-party analysis underscores the implication of inaction on broad GST/HST relief for new homes

Toronto, June 23, 2025 (GLOBE NEWSWIRE) -- Greater Toronto Area, June 23, 2025 – A new article by Altus Group, prepared for the Building Industry and Land Development Association (BILD) and the Ontario Home Builders’ Association (OHBA) demonstrates that without significant intervention to jump-start the housing sector, almost 50 per cent of residential construction sector jobs in the Greater Toronto Area (GTA) are at risk. The article further ou…

41,000 jobs, 23,000 annual housing starts and $10 billion in investment at risk — third-party analysis underscores the implication of inaction on broad GST/HST relief for new homes

Toronto, June 23, 2025 (GLOBE NEWSWIRE) -- Greater Toronto Area, June 23, 2025 – A new article by Altus Group, prepared for the Building Industry and Land Development Association (BILD) and the Ontario Home Builders’ Association (OHBA) demonstrates that without…

GTA Homebuilding Slowdown Could Cost 41,000 Jobs, $10B In Investment: Report

The cost of lagging home construction is often measured in supply gaps and future market turns, but a new study from Altus Group for the Building Industry and Land Development Association (BILD) and the Ontario Home Builders' Association (OHBA) highlights the broader impacts of the Greater Toronto Area's (GTA) stalled pipeline, namely sweeping job loss and billions lost in investment.According to the report, housing starts in the region could fa…