‘This a bright red warning light’: Toronto’s housing crisis to get worse as development applications drop off, BILD says
Toronto’s housing crisis is on track to get “far worse” without government intervention as the region sees a “serious decline” in development applications, according to a new study commissioned by a group representing GTA developers.
According to the study, which was developed by Altus Group Economic Consulting on behalf of the Building Industry and Land Development Association (BILD), the number of new homes being built in the Greater Toronto Area is “lagging significantly behind” population growth.
