Slowdown in new building permits spells trouble for Toronto’s housing future

Slowdown in new building permits spells trouble for Toronto’s housing future

Numbers of new housing permits in recent months have hit historic lows, which could complicate construction targets and put upward pressure on rents

Building Permits for Apartments Down 23% Since the Pandemic Construction Boom

Developers obtained permits to build an average of 12.8 multifamily housing units for every 10,000 people over the past year, according to a new report from Redfin.