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Mortgage Broker News | 29 Apr 2016, 08:19 AM Agree 0
Scarcity in Toronto is placing more and more homes out of reach of a larger fraction of prospective buyers, according to a veteran analyst
  • LanceH | 29 Apr 2016, 09:20 AM Agree 0
    I don't think we should look to any Gov, particularly this one, to solve anything thank-you very much!! There's tons of houses in TO sitting on lots large enough to sever, and build two homes. I suspect this is something you'll see increase dramatically, and hopefully soon. We could use a couple hundred more small builders.
  • Robert Gordon | 29 Apr 2016, 04:00 PM Agree 0
    I agree with LanceH. The problem in Toronto are the councillors that want to win their ridings, and side with conservative property owners that are against any new development. Intensification in Toronto is important... but difficult. It'll only get harder with the disappearance of the OMB, sadly. We have a serious problem in Toronto.
  • Tyler | 29 Apr 2016, 09:48 PM Agree 0
    I don't think anything should be done. The focus on densification is good. If people cannot afford a low rise home, then buy a condo. That should be the new norm. it will also ensure that there will be no looming condo crash from an oversupply.
  • TWH | 02 May 2016, 10:19 AM Agree 0
    Comments like those in this article allow homeowners to reap great rewards in 2016 and for great financial risk to be assumed by home buyers.
    There are over 400,000 homeowners in the GTA right now waiting and wanting to sell. Unfortunately they can't because bad housing policy has been centered around comments like those that appear in this article.
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