Report on purpose-built rentals in GTA paints dire picture on future housing conditions

A new report highlights a worsening shortage of purpose-built rental housing across the Greater Toronto Area, projecting a deficit of over 235,000 units within the next decade. While recent policy changes and incentives have supported construction, rising development costs, declining rents, and financing challenges are threatening future supply. Industry experts warn that without stronger government action at all levels, rental development could slow significantly, intensifying affordability pressures and reshaping the region’s long-term housing outlook.