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affordable housing triggers exodustorontosun
•Business
Business & Economics
82% Informative
80,000 more people have left the GTA for other parts of Canada than have entered the region in the past year .
Young families are leading the exodus from the region as they seek more affordable family-sized housing in other markets.
The average price of a detached home in the Greater Toronto Area was $ 1,445,879 as of February .
Another major barrier is a lack of land available for the development of ground-oriented homes, said Kirstin Jensen , vice president of policy, advocacy, and relationships, at the OHBA . “There are a lot of municipalities that are constrained by their current boundaries,” she said. “You need land available — I think that’s the most basic way to put it..
VR Score
84
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81
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64
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English
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50
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medium-lived
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8
Source diversity
5
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