The ratio of housing costs to incomes is out of whack. It is now in the range of 11:1 when it should be closer to 4:1

Famed Indian lawyer and ethicist Mahatma Gandhi once remarked that, “The future depends on what you do today.”

If that is the case, it is imperative that we pull out all the stops to address the housing and affordability crisis. If we don’t, judging by recent homebuilding starts and sales, the residential construction industry and Province of Ontario could be in for tough economic times.

I don’t think many people realize how bad the situation has become. We have the worst level of new home and condo sales in a generation. The bottom has essentially fallen out of the market.

We are presently staring into the abyss. Developers and builders have started laying off employee

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