Ontario’s housing market is in crisis, and it’s not just condos in downtown Toronto. In this episode of The Missing Middle Podcast, Mike Moffatt and Sabrina Maddeaux break down a bleak new report on housing starts and sales across 34 municipalities. From plummeting pre-construction sales and stalled ground-oriented homes, to the looming loss of 21,000 jobs, we explore why affordability is worse than ever, why government housing targets are falling short, and what it all means for buyers, renters, and the economy.

Chapters

00:00 Introduction and overview of the housing crisis

01:59 Insights from the residential construction report card

03:19 Falling housing starts and rising unemployment

04:10 Understanding housing starts and sales dynamics

06:01 What is a housing start?

08:00 1.5 million homes by 2032 is unachievable

09:19 Any good news?

10:02 Political accountability and the housing crisis

Research/Links:

Failing Grades, Falling Starts: Ontario Housing’s Bleak Mid-Year Checkup

Condo Crashes, Shrinkflation, & The Death of Homeownership?