A Closer Look at Developer Sentiment Toward New Home Construction

To address the housing crisis, Premier Ford announced two years ago that 1.5 million homes would be built within 10 years. Whether this ambitious goal can be achieved is a matter of opinion. However, if you pay attention, you'll notice that many vacant lots in the Greater Toronto Area are fenced off for housing development, but construction has yet to begin. Why is this? The construction industry, which contributes 61% to the national GDP annually, is currently showing strong interest from developers. Today, we've invited Wen Wenwei, the founding president of the Canada-China Architectural Association, to discuss this issue with you.