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Ontario's housing starts in Q1 2025 drop to lowest since 2009, falling 20% from last year.
Ontario's housing starts in the first quarter of 2025 hit their lowest level since 2009, with only 12,700 units beginning construction, a 20% drop from 2024.
Despite positive economic indicators like job growth and increased retail sales, the housing sector struggles due to high costs and weak sales.
The province aims to build 1.5 million homes by 2031 but is falling short of this goal.
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Las viviendas de Ontario comienzan en el primer trimestre de 2025 caen al nivel más bajo desde 2009, cayendo un 20% respecto al año pasado.