Toronto Suburbs Gain Housing As Jobs Leave

As Toronto loses jobs, its suburbs see an increase in demand for land.

1 minute read

April 12, 2005, 6:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"...the demand is there, especially from two emerging groups of buyers not necessarily looking for a single-family home: young professionals and recent immigrants...Nearly all of the job growth is at the expense of the City of Toronto, which has lost 29,300 jobs since 2000...Not as many are going to Mexico or India as some would like to think. Many end up in places like Markham, with property tax rates of between $3 and $5 a square foot for office space, compared to rates that are 2½ times higher in Toronto."

Thanks to John Koch-Schulte

FULL STORY: Price pressures changing the mix of housing

Friday, April 8, 2005 in The Globe and Mail

Housing United States

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