The GTA's housing supply could deteriorate in the coming years due to declining development applications. Population growth continues to outpace new housing, worsening the existing supply shortage in the GTA.Read more
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GTA home sales in September reached 4,996, slightly up from August but 8.5% higher than September last year. The increase in sales is driven by lower interest rates and affordable conditions, boosting homeownership demand.Read more
Co-operative housing in Canada, managed by member residents, offers affordable options for low- and moderate-income families. Mississauga is considering a new co-op at 1 Port St. E. as part of a larger development with affordable housing and commercial space. Although no new non-profit co-ops have been built in Mississauga since the mid-1990s, interest and fundingRead more
An affordable housing project in a Mississauga neighbourhood is progressing as city officials have agreed to reduce the development's parking requirements by over 50%. Continue to full articleRead more
First-half 2024 saw low sales due to high interest rates and construction costs, with no expected rebound. Record-low sales will lead to fewer housing starts, worsening future housing supply in the region.Read more
A growing gap exists between home demand and housing starts in the Greater Toronto Area. Housing start applications decreased from 2,428 in 2021 to 1,225 in 2024, worsening affordability.Read more
The construction of new homes is falling behind population growth, worsening housing affordability in the GTA.Development applications dropped significantly, threatening the housing supply.Read more
Lakeview Village, a new development in Mississauga, is set to transform a former coal-burning power plant site into a sustainable community with 16,000 housing units, parks, and recreational opportunities. The City Council approved an agreement requiring a $28 million contribution for rebuilding the Lakeview Village Pier and ensuring 10% of the new units are affordable.Read more
Mississauga City Council has approved a by-law for community benefits and affordable housing at the Lakeview Village development, increasing unit plans from 8,050 to 16,000. LCPL will contribute $28 million for the reconstruction of the Lakeview Village Pier, in addition to a previous $14 million commitment. Five percent of units beyond 8,050 will be affordable,Read more
An affordable housing project by Indwell Community Homes in Mississauga is under consideration. The four-storey, 51-unit building at 1639 Lakeshore Rd. W includes ground-floor commercial space. Residents oppose it due to concerns over retail space loss, parking, and safety. Funded by the Canada Mortgage and Housing Corporation and Peel Region, it aims to open inRead more
