According to new data from Urbanation, an increase in GTHA housing starts and completions over the past 12 months have led to higher vacancies.

A report released by RealNet Canada Inc. (RealNet) and the Building Industry and Land Development Association (BILD) found that, in 2014, ten years after the Ontario government introduced its Greenbelt legislation and began promoting urban intensification, condominium completions hit record highs. Market analysts agree this is no coincidence.