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Ford government failed to meet its housing targets in 2023

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The Ford government failed to meet its own housing target in 2023, new figures reveal, putting the province further behind in its goal of building 1.5 million homes by 2031.

According to the latest data from the Canada Mortgage and Housing Corporation (CMHC), there were a total of 85,770 housing starts in the province in 2023.

The number represented a seven per cent drop from 91,885 the year before in 2022.

The data shows the government fell short of its goal of 110,000 new housing starts during the calendar year. The number of new home starts — just 78 per cent of that target — raises questions over how the Ford government plans to boost construction numbers in the years ahead.

Colin D'Mello has more.

For more info, please go to https://globalnews.ca/news/10230448/ford-government-housing-targets-2023/

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Category
U.S. & Canada
Tags
global news, Global Toronto, Housing
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