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In the current environment, sales have plummeted, construction starts are slowing, and the ongoing housing crisis is expected to worsen, most notably in regions like Ontario and the GTA, says the report published by Altus Group and called Cost Escalation in New Construction: A 2024 Update.
The event, organized by the Residential Construction Council of Ontario, is the third of its kind after the residential builders association launched the event last year aimed at tackling the province's housing crunch.