Famous for its focus on dense, infill development and quickly ascending skyline, the Toronto housing market is still plagued by rising housing costs at the single-family detached homes end of the spectrum.
"Builders and real estate experts from both the new and resale home sectors are banding together to warn consumers - and politicians - they are worried about the skyrocketing costs of housing," reports Susan Pigg.
"After almost a decade of finding 'creative ways' to build more affordable housing — more condos rather than costly low-rise houses, and suites that now average just 767 square feet compared to 908 square feet in 2006 — developers fear they are hitting a wall."
In effect, the concern reported in this article has to do with single-family homes, which have not been developed at the same pace as condos, due to the effects of the Greenbelt and Places to Grow Legislation, passed ten years ago with the goal of easing sprawl. That legislation is up for a ten-year review, expected for release in a few weeks.
The article includes a lot more detail about the unique market, and the affordability pressures, of the Toronto area.
FULL STORY: Skyrocketing cost of housing worries builders, realtors
Auditor: Toronto Greenbelt Changes Favored Developers
A series of hasty removals of land from the protected Greenbelt last year were pushed through without environmental or financial analysis.
In Reversal, Ontario Government Could Open Toronto Greenbelt to Development
The Toronto Greenbelt was an urban growth boundary created in 2005 as one of the most obvious political victories for the Smart Growth movement in North America. A new bill would reverse course on the region’s growth policies.
Proposed Toronto Highways Raise Environmental Concerns
Opponents of two new planned highways in greater Toronto argue the construction of new roads is 'short-sighted at best' and would threaten the region's greenbelt areas.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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