With builder confidence under pressure, industry leaders say homeownership needs a clearer federal plan, plus strategic provincial action on taxes and supply.
Recommended affordability levers include eliminating taxes on new homes, reducing development charges, and considering responsible mortgage stress-test changes for ownership access nationwide.
A $1.7B federal housing-cost injection was described as a positive step, with provinces urged to deploy funds effectively and avoid added market confusion.
Yet, 47% of builders laid off workers… meaning future housing supply is already being choked.
Fewer homes, tighter supply, rising pressure—smart buyers and investors move before the rebound, not when headlines catch up.
GTA single-family sales surpass 10-year average as HST rebate takes hold
Ontario's expanded HST rebate boosted GTA low-rise new home sales in April to 1,100 units, nearly triple last year and 21% above the 10-year average for single-family homes. However, condo sales lagged at 199 units,...