Toronto Has More Housing Than You Thought

  • Household formation lagged home construction, census data show
  • City has seen one of biggest drops in share of young families

When it comes to Toronto’s runaway housing prices, the most important question remains the extent to which speculation is driving demand.

Ideally, fundamentals such as demographics and employment are at play, and the price gains reflect natural household growth getting ahead of supply. If that’s true, the market should eventually stabilize once new supply kicks in.

A situation where speculators are bidding up prices would be much more problematic…

Toronto Has More Housing Than You Thought

Categories : Real Estate

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