What Can Be Done About Unaffordable Housing Across Canada?

what-can-be-done-about-unaffordable-housing-across-canadaIn our previous blog, we discussed the challenge with places like Vancouver and Toronto only having the ability to grow up versus growing out, causing massive price increases.

Buyers in those cities need some help from the Bank of Mom and Dad or do house hacking to acquire their properties and sustain their mortgage. Those who can do neither ventured into other cities like Calgary to find more affordable housing.

Toronto Rental Situation

We had the opportunity to talk to Kyle and Emily to learn more about the rental situation in the GTA. Kyle has been a resident in Mississauga for the last five years and is currently renting a 300 square feet basement suite for a shocking $700 a…

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Why the Toronto Housing Market is so Unaffordable

why-the-toronto-housing-market-is-so-unaffordableThe last couple of years has been interesting for our team as we talk to many people from the Greater Toronto Area who want to go to Calgary. And we had the privilege of helping a lot of them move into our city.

The more Torontonians we talk to, the more we get curious about what this migration is all about. So we went to the GTA and asked some of their residents about their opinion on why the GTA is potentially becoming so unaffordable for so many people and what can be done about it.

Understanding the Problem

In February 2021, Royal LePage published a report saying nearly half of Canadians aged, 25 to 40 own their home and a quarter of these homeowners purchased a property since the onset…

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