Across Ontario, that pipeline is now under significant strain as new home sales have declined to levels not seen since records started to be kept and publicly reported in 1981. In 2025, sales fell to approximately 15,000 units province-wide, down from historic levels of 65,000 to 85,000 homes annually. A decline of this magnitude will inevitably translate into fewer housing starts. By 2030, annual housing starts are expected to fall to roughly 40,000 units, including purpose-built rental, down from about 80,000 today.