Civil servants have advised Ontario's municipal affairs minister that the province's housing target of 1.5 million homes by 2031 may not meet actual demand, predicting a need for approximately 2.1 million homes. This assessment is based on increased population growth and a historical shortfall in housing supply. Challenges such as high costs, labour shortages, and supply chain problems have hindered recent home construction, with current starts falling below the required annual target. The insights come from a briefing document accessed via a freedom of information request, emphasizing urgent housing needs in the province.
It is estimated that between 1.5 million to 2.1 million new homes will need to be built in Ontario over roughly the next decade, based on assessments of the current housing supply shortfall and/or projected population growth.
Plans for new supply have been challenged by high land and material costs, government fees and charges, shortages of skilled trades labour, labour disputes, supply chain issues and a backlog in housing-enabling municipal infrastructure.
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