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Affordable Housing: Tackling the Challenge in Toronto's Real Estate Market

Posted by Maryann Quenet on June 9th, 2023

Affordable Housing: Tackling the Challenge in Toronto's Real Estate Market

Understanding Toronto's Real Estate Market

• The Rising Cost of Housing

Toronto's real estate market is one of the most dynamic and expensive in North America. The city's booming economy, high quality of life, and attractive urban amenities have fuelled demand, leading to skyrocketing property prices. As a result, affordable housing is increasingly becoming a daunting challenge for many Torontonians.

 

• Demand vs Supply

The demand for housing in Toronto consistently outpaces the supply. This mismatch is exacerbated by factors such as population growth, migration, and changes in household sizes. As a result, prospective homeowners and renters…

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