Ontario is in the midst of a “generational housing crisis” that has brought new home construction to a “standstill” even as the population continues to grow, the province’s housing minister says.
Housing Minister Rob Flack presented a grim overview of the sector during a press conference this week that saw Premier Doug Ford hand $12 million to the City of London from the province’s 2023 Building Faster Fund, a three-year, $1.2 billion program that awards municipalities for expediting project approvals.
The population of the province “has grown significantly” in recent years, rising from 13.7 million people a decade ago to more than 16 million people today, Flack said….