The benchmark price for a new single family home in the GTA is $1.4 million, a condo just over $1 million. Any solution will need to target price

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Ontario’s home-building industry is in crisis, but there’s reason to hope that Premier Doug Ford will come to the rescue.

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New home sales numbers in the GTA have never been worse than they were in 2025 and vacant inventory is stockpiling to the point where building more homes doesn’t make financial sense.

“New home sales are down well into the double digits across the province, putting 100,000 jobs at risk in Ontario alone,” says Justin Sherwood, chief operating officer at the Building Industry and Land Development Association (BILD).

Given Ford’s longstanding emphasis on wanting to boost housing, training construction workers and protecting jobs, one would expect this to be exactly the kind of problem the premier would tackle, and last week he gave some indication that he will do just that. Ford called Ontario’s home-building problem a “massive inferno.”

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