Ontario has been forced to revise down its projections for new home construction yet again, with the province looking highly unlikely to hit the homebuilding target it set when it won the 2022 election.

The government’s Fall Economic Statement, tabled Thursday, continued a trend in recent budgets of reducing the number of new homes the government expects to build.

Data for a four-year period between 2024 and 2027 highlights how quickly the government’s hopes of building new housing have soured.

Comparing figures in the 2024 budget and 2025’s fall economic statement reveals Ontario is predicting to build 81,700 fewer homes in its latest document than it had hoped when it tabled its spring 2024 fiscal plan.

The downward revision is equivalent to the population of Peterborough, Ont.

Only

See Full Page