Ontario developers aiming to ‘survive 2025’ as housing crisis drags on

Ontario developers are increasingly pessimistic about the housing crisis, with many expressing concerns over high input costs and bureaucratic red tape. A recent survey revealed that developers are struggling to navigate the current environment, with housing starts declining and interest rates making borrowing costly. They call for a "new deal" with governments to address development charges and streamline the approval process. Despite some government efforts, many builders feel overwhelmed by the complexities of housing approvals and are skeptical about proposed public builder models.

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