Over the next decade, a new report identifies that demand will exceed supply by an additional 121,000 units, bring this region’s total shortage to 235,000 units

The Greater Toronto Area (GTA) is at a critical juncture in addressing its housing crisis. The latest whitepaper from BILD, The Pathway for Rental Housing Stock – Second Edition, developed with Urbanation and Finnegan Marshall, underscores an urgent reality: purpose-built rental (PBR) construction is not keeping pace with the region’s growing population and escalating housing needs.

Purpose-built rental is an industry term and not one used in common parlance. It refers to apartments that are built specifically for the rental market, typically with larger units, whose tenure will always remain rental and that are professionally ma

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