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.
Home sales data for 1st month of the HST rebate window is out. Here’s what the numbers show
In April, 1,100 new homes sold in the GTA, nearly triple last year's 384, driven mainly by a rise in single-family home sales (901 vs. 241). Condo sales increased to 199 from 143. The HST...