Ontario faces a tough road to meet its goal of building more than a million new homes.

Construction industry insiders say the latest government policy reversal and elevated interest rates wreak uncertainty for developers.

On Monday, Housing Minister Paul Calandra announced the province would roll back boundary expansions it imposed on several municipalities, including in Peel, York and Halton regions. Calandra said he made the decision after a review found there was “too much involvement” from his predecessor’s office in the process. 

The news was met with disappointment from the Building Industry and Land Development Association (BILD), a GTA-based construction advocacy and lobby group. CEO Dave Wilkes said this week that the so-called white belt land — land with potential for development just outside of existing urban boundaries — was identified through an “extensive and exhausting process.

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