An article released earlier this month by Altus Group, prepared for the Building Industry and Land Development Association (BILD) and the Ontario Home Builders’ Association, indicates that without significant intervention to jump-start the housing sector, almost 50 per cent of residential construction sector jobs in the Greater Toronto Area (GTA) are at risk. The report further outlines, by 2027, housing starts could drop by more than 60 per cent and construction investment will decrease by over $10 billion in the region versus 2024 levels. This data adds to a growing body of research that points to the need to urgently cut the GST/HST on all new homes.