Ryerson shines some light on the truth surrounding the Toronto housing situation. In a Ryerson City Building Institute policy paper titled “In High Demand: Addressing the demand factors behind Toronto’s housing affordability problem”, which addresses the demand factors behind sizzling GTA home prices, two of the findings are:
– High demand, both foreign and domestic and multi-property investment and speculation, are the primary drivers; low inventory is a result of this demand.
– Although critics allege that there is weak supply, housing construction in Toronto has kept up with population growth, so demand factors beyond population growth are at play.
Having a Degree in Urban Planning from the University of Toronto, I respect Ryerson University’s reputation and work it has conducted in regards to urban planning and economics.
You can find a copy of this report through this link… https://goo.gl/NyQ9yY