• Will I be able to afford a home in the GTA?

    Our Answer

    We recognize that housing affordability is a problem for many people across the GTA, whether they are first-time buyers or current homeowners in need of more space or looking to downsize. This is a collective problem that we are working to address in collaboration with many partners. We know there is work to be done…

  • Why does the price of homes in the GTA keep rising?

    Our Answer

    Pricing for new homes remains high because we have a housing shortage and there is strong demand. The Greater Toronto Area is one of the most desirable metropolitan areas in North America and is expected to continue to grow by approximately 115,000 people per year. It is forecast to reach approximately 9.7 million people by…

  • Is housing people can afford being built in the GTA?

    Our Answer

    We recognize that affordability is a challenge across the GTA. The industry aims to produce different types of housing at a range of prices and a wider variety of new housing options to drive increased affordability and density (close to transit where it makes sense) to help close the existing (and growing) housing shortage. One…

  • What role do land developers and home builders play in housing prices?

    Our Answer

    Developers and home builders build in a highly regulated market. Housing in Ontario is regulated both on the supply side (what, where and how you build new homes) and on the demand side (mortgage rules, stress test, foreign buyer tax). Working with governments, our industry can influence housing prices in a variety of ways: How…

  • What are housing prices going to do in the long-term?

    Our Answer

    Trying to predict the long-term outlook for housing prices is very difficult. There are several factors that influence the cost of homes. While the real estate market is cyclical, history has shown that over the long-term, housing prices appreciate. That said, the continued desirability of the GTA as a place to live, combined with the…