Housing construction is so behind in Toronto that a new report gives the city a failing grade for new home starts.

Housing starts are down in Toronto by 58 per cent and sales are lagging by 91 per cent, according a report card by the Residential Construction Council of Ontario (RESCON), which analyzed 34 municipalities in the Greater Toronto Area and Greater Golden Horseshoe, and compared recent numbers to January-June averages from 2021 through 2024.

Toronto is one of 22 municipalities given an F, including Brampton, where housing starts have fallen by 50 per cent. Overall, housing starts have decreased by 40 per cent, the report found.

The data paints a bleak picture of Ontario's ongoing housing crisis, says Richard Lyall, CEO of RESCON.

"The housing situation is actually much worse

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