Ontario’s latest housing problem: developers get approvals, then don’t build homes for years | CBC News ...Middle East

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At least 20 Ontario municipalities are so far away from reaching their provincially-mandated targets for new home construction starts that they have virtually no chance of hitting the mark, and will face stiff financial consequences in 2024.  The problem is something municipal politicians say puts Ontario at risk of failing to meet the goal of 1.5 million new homes in a decade unless the provincial government does more to prod hesitant developers into starting construction. Under current rules set by Premier Doug Ford’s government, cities that fall short of the 2023 target for housing starts will not get any money next year from the province’s $1.2 billion fund to help cover the costs of h

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