The Greater Toronto Area‘s (GTA) housing crisis is intensifying, with new data revealing that high municipal fees and prolonged approval processes are driving up the cost of new homes.

The latest Municipal Benchmarking Study from the Building Industry and Land Development Association (BILD), developed by Altus Group Economic Consulting, warns that the region’s housing supply is lagging dangerously behind population growth, signalling an impending crisis if immediate action isn’t taken.