Ontario’s ambitious plan to build 1.5 million homes by 2031 faces a significant challenge as the Federal Government announces reduced immigration targets for 2025-2027. The construction industry, already grappling with an aging workforce and labour shortages, relies heavily on skilled immigrants to fill crucial roles. With nearly 25% of workers in the Greater Toronto Area expected to retire by 2030, the lowered immigration intake could severely impact the province’s ability to meet its housing goals. Industry leaders warn that Ontario’s housing sector will struggle to meet demand without a robust and skilled workforce, potentially exacerbating the ongoing housing crisis and affordability issues.
