A Break with No Fix? Examining the Impact of Tax Cuts on Rental Construction in the Greater Toronto and Hamilton Area

Notable trends: Initial gains: By late 2023 and early 2024, the proportion of rental units starting construction in Toronto surged, peaking at nearly 50% of total residential construction. This increase underscores the short-term responsiveness of developers to tax incentives. Return to baseline: However, as the year progressed, the share of rental starts fell back toward … Read more