US EditionOntario housing starts at lowest level since 2009, financial watchdog says
- Ontario's housing starts for the first quarter of 2025 were 12,700 units, the lowest since 2009, according to financial accountability officer Jeffrey Novak.
- This number is a 20 percent decrease from the first quarter of 2024, indicating ongoing low housing starts.
- Projected housing starts for 2025 have been reduced to 71,800 due to high construction costs and weak sales, as noted in Ontario's spring budget.
- NDP finance critic Jessica Bell stated the report indicates Ontario is heading in the wrong direction regarding housing affordability.
21 Articles
21 Articles
Winnipeg Free Press
Ontario housing starts at lowest level since 2009, financial watchdog says
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Ontario housing starts at lowest level since 2009, financial watchdog says #Canada #CDNNews #OntNews #CDN #Ontario
Ontario’s housing starts for the first quarter of this year were at the lowest levels since 2009, the province’s financial accountability officer said in a report Wednesday. The FAO’s economic monitor report said the latest economic indicators are largely positive, with employment, retail and wholesale trade, manufacturing sales and exports all seeing gains, but there is “significant weakness” in the housing sector. In the first quarter of 2025,…
Ontario housing starts at lowest level since 2009, financial watchdog says – 105.9 The Region
TORONTO — Ontario’s financial accountability officer says in a report today that the province’s housing starts for the first quarter of this year were at the lowest levels since 2009. The FAO’s economic monitor report says the latest economic indicators are largely positive, with employment, retail and wholesale trade, manufacturing sales and exports all seeing gains, but there is “significant weakness” in the housing sector. In the first quarte…
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