The Residential Construction Council of Ontario says housing starts in the Greater Toronto Area and broader Greater Golden Horseshoe region declined significantly in the first nine months of 2025 relative to recent years.

A report by the University of Ottawa’s Missing Middle Initiative, which was commissioned by the council, says housing starts were down by more than one-third in the 34 municipalities of the region over the first three quarters, compared with the same January-to-September periods of 2021 to 2024.

The study says there were 51 per cent fewer condo apartment starts in the first three quarters, along with 43 per cent fewer ground-oriented housing starts, however purpose-built rentals were up 42 per cent compared with the previous four years.

Council president Richard Lyall

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