According to our latest <a data-evt-val="{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;Municipal Benchmarking Study&quot;, &quot;target_url&quot;: &quot;https://www.bildgta.ca/gta-housing-study-region-on-the-doorstep-of-compounding-housing-crisis-the-time-for-bold-action-by-governments-is-now/&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}" data-evt="click" data-evt-typ="click" href="https://www.bildgta.ca/gta-housing-study-region-on-the-doorstep-of-compounding-housing-crisis-the-time-for-bold-action-by-governments-is-now/">Municipal Benchmarking Study</a>, it is clear that the housing market in the Greater Toronto Area (GTA) is at a pivotal moment. The study, authored by Altus Group Economic Consulting and comissioned by BILD, revealed that that the gap between housing stock and population growth in the GTA is the widest it has been in over 50 years. It also shows that the region is seeing a serious decline in development applications, which foreshadows a further deterioration of housing supply.&nbsp;

Gap between housing stock and population growth in the GTA is the widest in over 50 years{ai:summary}The Municipal Benchmarking Study indicates a critical state for the Greater Toronto Area's housing market, with the gap between housing stock and population growth at its widest in over 50 years. A decline in development applications suggests worsening housing supply issues ahead. #economy

Next few years could see a deterioration of the GTA’s housing supply

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