The average annual growth rate in investment in residential structures was only 1.4 per cent.
At 48.8 per cent, Ontario’s net debt-to-GDP ratio this year will be the highest in provincial history.
The province’s nominal debt will rise from $440 billion in 2021/22 to $504 billion in 2023/24.
Ontario's debt interest costs will rise by 21 per cent.
Between 2000 and 2019, New York's average per-person GDP growth more than doubled Ontario's growth rate.
According to the budget, debt interest payments will total $13.1 billion in 2021/22.