Tag Archives: toronto affordable housing challange

Submission: May 27, 2021
Registration: April 28, 2021
Language: English
Location: Concept
Prizes: Please see details below
Type: Open

 

Toronto is among the ten most expensive major housing markets in the world, and housing prices are predicted to rise again in 2020 by almost 10%, according to the Toronto Regional Real Estate Board. The reason housing prices in Toronto are so disproportionate to household incomes is mainly due to a lack of supply. Between 2016 and 2019, more than 325,000 jobs were added to the Greater Toronto Area, while only 102,000 new homes were constructed, and only 2% of those new homes were classed as affordable. Continue reading

toronto affordable housing challange