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Q2 2025 Housing Report Card: Starts, Sales, and Employment

  • Marian
  • Sep 24
  • 1 min read
Row of new, unfinished houses under construction against a bright blue sky with clouds. Scaffolding and construction materials visible.

This report was prepared by researchers with the University of Ottawa’s Missing Middle Initiative and commissioned by the Residential Construction Council of Ontario. It compares housing starts across the first six months of 2025 with the same period over the previous four years, starting in 2021.


Richmond Hill is building more homes than before, especially ground-oriented and condos, which is creating jobs. However, home sales are very weak, rental housing is not being built, and the city is still missing its housing target. Compared to other GTA municipalities, Richmond Hill is doing relatively well (B grade), but there are still big gaps.


Many GTA municipalities are struggling: most got F grades, with major declines in housing starts and sales.


Best performers:

  • Milton (A grade, 113% increase in housing starts, positive employment).

  • Richmond Hill (B grade, strong job growth but weak sales).


Poor performers:

  • Toronto, Vaughan, Newmarket, Ajax, Brampton, Oakville, etc. had big declines in both starts and sales, with large job losses.



Richmond Hill report card on housing and employment. Shows starts, sales, and grades with a final grade of B. Includes a colorful graph.
Two bar charts show Richmond Hill housing starts and sales by dwelling type (2018-2025). Pink bars represent ground-oriented homes.
Table showing Toronto CMA municipalities with changes in starts, sales, employment, and final grades. Color-coded grades: F to A.

 
 
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