“Sales have stopped”: Ontario developers predict layoffs if build costs don't fall

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Ontario developers are calling for more government assistance, as home sales in the province slow dramatically and demand for new builds dries up. The Building Industry and Land Development Association warned Monday if something isn’t done, tens of thousands of jobs could be at risk. So far this year, sales of single-family homes in and around Toronto are down 50 per cent, while condo sales have dropped 65 per cent compared to last year. But Global’s Colin D’Mello has learned any government help would likely not be aimed at companies. For more info, please go to https://globalnews.ca/news/11251663/bild-construction-jobs-warnings-ontario/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #homesales #housingmarket #GlobalNews

Published 2025-06-24 · Watch on YouTube ↗
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