Housing sales and starts data from 2025 point to serious and compounding consequences for employment, future housing supply, government revenues, and the province’s long-term economic outlook. A decline of this magnitude will inevitably translate into fewer housing starts. By 2030, annual housing starts are expected to fall to roughly 40,000 units, including purpose-built rental, down from about 80,000 today. According to the latest data from the Canada Mortgage and Housing Corporation, housing starts in Ontario declined sharply in 2025. On the employment side, the housing construction sector has been one of the province’s most reliable employment engines.

Source: National Post February 04, 2026 14:20 UTC