Ontario's road to 1.5M new homes has gotten rockier, construction insiders say

Ontario faces a tough road to meet its goal of building more than a million new homes. Construction industry insiders say the latest government policy reversal and elevated interest rates wreak uncertainty for developers.

Ontario's road to 1.5M new homes has gotten rockier, construction insiders say
Minister of Municipal Affairs and Housing and Government House Leader Paul Calandra speaks to reporters at Queen's Park in Toronto, on Thursday, Sept. 7, 2023.

Ontario faces a tough road to meet its goal of building more than a million new homes. Construction industry insiders say the latest government policy reversal and elevated interest rates wreak uncertainty for developers.