London Mayor Josh Morgan is challenging the provincial government's evaluation that the city has only achieved 37% of its 2023 housing target, arguing that it is not in their power to compel developers to put shovels in the ground. The mayor has expressed concerns that without meeting or exceeding the annual housing targets, they won't be able to access the $1.2 billion incentive fund. Mike Wallace of the London Development Institute believes that high interest rates are impacting the number of residential projects breaking ground, while the mayor has reported that building permits had dropped to 58% below the same time period in 2022. The Big City Mayor's are pushing for
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