Do we really need all of the condominium and other housing developments being built in the GTA?
Yes. And the reality is we need more. The fact is that there is a housing shortage in the GTA; our population is continuing to increase and will continue to do so long into the future.
Then there’s the fact that the Ontario Ministry of Finance projects that by 2041 the population of the GTA will rise from 6.9 million today to 9.7 million. That’s an increase of about 40%, approximately 115,000 new residents each year.
Making sure we have enough housing, workplaces, schools, hospitals, and commuting infrastructure for these additional 2.8 million people is a generational challenge. Our industry is working hard every day to accommodate that growth, comfortably and sustainably, by building communities and homes and investing in infrastructure, transit, schools