ONTARIO — Housing starts over the next few years will likely weaken and the already-dire supply shortage could get even worse, the Residential Construction Council of Ontario (RESCON) is warning. A new report shows employment in new residential construction sector “will probably fall quite a lot” in the years ahead. The report provides an overview of the housing market and develops forecasts covering 2024 to 2028 for Ontario, as well as municipalities in the Census Metropolitan Areas of Toronto, Hamilton and Oshawa. …“The findings of this report are particularly worrisome for builders as they point to a weakening residential construction market at the very time we need to build more housing,” said RESCON president Richard Lyall. …The report paints two scenarios. In both, a further weakening of employment and new housing starts continues well into 2025, followed by a slow recovery of the economy and housing activity during 2026 to 2028.