Record planning approvals not triggering enough new construction to address London’s housing crisis

City council has approved 10,398 new housing units this year, significantly more than the 2,251 building permits issued and just 1,028 units that have started construction. Mayor Josh Morgan emphasizes the need for actual housing rather than just approvals, as the city aims for 47,000 new units by 2031. Delays in the Site Plan Approval process and financial challenges are hindering progress. Both Morgan and the London Home Builders’ Association are seeking support from provincial and financial entities to address these issues.

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