Canada’s housing crisis isn’t unsolvable- it’s just overcomplicated. What if the solution was simpler than we think?

Housing demand continues to skyrocket across the country, especially in the GTA. But the real problem? Our supply of new homes hasn’t kept up, and outdated policies are getting in the way.

Why We Don’t Have Enough Homes (And Why It’s Not Just About Immigration)

Let’s rewind. Back in 1976, Canada built around 273,000 new homes, and that was with just 23.5 million people living here.

Today, we have over 41.5 million Canadians, yet we’re building fewer homes than we did nearly 50 years ago. That’s how we’ve ended up with the fewest homes per capita in the G7.

You don’t need a degree in economics to understand what happens next: low supply + high demand = rising prices. And it’s hurting buyers, renters, and investors alike.

What’s Really Driving Up Housing Costs?

Here’s a surprising truth: About one-third of the cost of a new home in Toronto comes from government taxes, fees, and levies.

That’s right. Before a single shovel hits the ground, builders are hit with heavy costs—costs that get passed straight to the buyer or renter.

Even worse, the building process is painfully slow. It can take years of planning, permits, public hearings, and legal consultations just to start a project. All of this adds up in time and money.

So… What’s the Solution?

It’s not more red tape or new programs. It’s about letting the private sector do what it does best: build housing, faster and more affordably. Here’s how:

• Eliminate development fees and taxes on new housing

Removing these charges could cut construction costs by one-third. That makes more projects financially viable—and faster to deliver.

• Streamline the permitting process

Getting permits within 6-9 months instead of 3-4 years would be a game-changer for GTA builders and developers.

• Incent builders with long-term rewards

Focus on future property tax revenue instead of one-time fees. It’s a win-win for cities and residents alike.

A Better Path Forward (And It Doesn’t Start With More Government)

Some parties suggest the federal government should become a developer. But with poor track records on military and Indigenous housing projects, is that really the answer?

Instead, empowering Canada’s seasoned private builders could unleash a wave of new housing, without blowing up municipal budgets or waiting years for results.

As Jon Love, Executive Chair of KingSett Capital, puts it:

“Let’s give permission to the thousands of developers across the country to get at it.”

Key Takeaways

• The real problem? Too many taxes and too much regulation are holding back supply.
• The real fix? Cut the red tape, reduce costs, and let the private sector build.
• The real opportunity? More homes, more affordability, and stronger communities across the GTA.

📢 Stay ahead in the GTA market.
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