Overview

• Speaking in Brampton, the Conservative leader said starts across the GTA are down 49% from 2024, with Toronto down 65%, or roughly 10,000 fewer homes.
• Party-cited market data show July preconstruction sales in the GTA fell 48% year over year and were 82% below the 10-year average.
• Industry surveys, including by the Canadian Home Builders' Association, report that more than a third of builders have begun layoffs.
• He blamed federal taxes, red tape and borrowing costs for stalled projects and advanced a four-part plan to remove federal sales tax on homes priced at $1.3 million or less, waive capital gains on reinvested homebuilding proceeds, link infrastructure funding to a 15% annual rise in permits, and slow immigration growth to match housing.
• CMHC reports a construction slowdown in Vancouver while Calgary, Edmonton, Montreal, Ottawa and Halifax ran near record pace in the first half, and Poilievre said homebuilding is expected to weaken over the next two years.