Housing Supply: Toronto and Home Prices

housing supply: Which is no surprise, according to Toronto Star. Since the 2014 election, home prices have increased almost 50 per cent across the Greater Toronto Area GTA while Toronto rents are the highest in the country devastating news for newcomers, longtime renters and businesses looking for talent. According to polling by Forum Research, it has eclipsed gridlock as the biggest concern. Achieving broad affordability through a growing housing supply inevitably means the face of Toronto will change. Andrew Francis Wallace / Toronto Star Thankfully, city hall can address the affordability issue. It could mean more walk-up apartment buildings in traditionally detached home neighbourhoods; or more modern architecture along historic street fronts or in neighbourhoods, like the Annex; or less ground-level parking, write Josef Filipowicz and Steve Lafleur. (www.immigrantscanada.com). As reported in the news.