Over the past 18 months, high interest rates have significantly impacted the Greater Toronto Area (GTA) housing market, slowing demand for new homes by half compared to historical averages. This has led to increased inventory and moderated price by 15-20%, depending on the housing type and location. Meanwhile, the GTA’s growing population has created a pent-up demand for new housing.&nbsp;

Answering several critical questions{ai:summary}In the past year and a half, rising interest rates have put the brakes on the Greater Toronto Area's housing market, slashing new home demand by half. Prices have dropped 15-20%, but a swelling population still clamors for more roofs over their heads. A classic case of too many bodies for too few beds. #economy

Seeking solutions to the structural barriers of the GTA’s housing challenges

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