The Canada Mortgage and Housing Corporation (CMHC) has reported that Toronto requires an additional 32,000 homes annually to return to pre-pandemic housing affordability levels. Nationally, the CMHC estimates that Canada must nearly double its home construction over the next decade to restore affordability to levels last seen in 2019. The agency projects that 4.8 million new homes need to be built across the country to reduce housing prices, with homeownership costs in Toronto expected to rise to 79% of average gross income by 2034, compared to 59% nationally. The CMHC also indicated that eliminating interprovincial trade barriers could add 30,000 more housing starts annually. Meanwhile, Federal Housing Minister Gregor Robertson has warned Toronto it has six months to comply with the terms of its Housing Accelerator Fund agreement or face a 25% reduction in its annual funding, amounting to roughly $30 million this year. This financial penalty is linked to Toronto's recent decision regarding sixplex housing developments, which has prompted Ottawa to threaten to withdraw housing funds.