A report by TD economist Rishi Sondhi said sales activity hasn't been absorbing supply fast enough, with July condo resales in the GTA down 25 percent from pre-pandemic levels.

The designation requires that entrants reduce both the embodied carbon released during the construction process and the operational carbon output of the building.

The association says the construction industry is already working to build sustainably, but it cannot act alone.

The Canadian Home Builders’ Association estimates Canada needs more than one million additional residential construction workers to meet CMHC’s housing affordability target.

The funding from the Housing-Enabling Water Systems Fund will help build the new Wellington Regional Water Treatment Plant.