Ontario housing start projections fall again as 1.5 million goal gets further away [Video]

Ontario is slipping further from its goal of building 1.5 million homes by 2031, according to new data released as part of the province’s annual budget, which shows the province will start building less than half the number of units required this year.

The latest housing starts data, based on private-sector analysis, revises down already grim estimates from previous budgets, which have consistently shown Ontario will not be able to meet its self-imposed target.

Since the 2022 election, when a government housing task force found the province would need 1.5 million new homes within the decade, Premier Doug Ford and his cabinet have made that their official goal.

To reach that target, Ontario would need to start building an average of 150,000 homes per year. It has not managed more than 110,584 — a number made up of about 90,000 housing starts, 10,000 basement units and another 10,000 long-term care …