Toronto’s housing crisis continues to worsen, with skyrocketing prices and a severe shortage of affordable units. The city is exploring innovative solutions, including transit-oriented communities that integrate thousands of new housing units with mixed-use development near subway stations.
While these projects show promise, experts argue that more needs to be done to address the root causes of the crisis, including streamlining approval processes and increasing housing supply across all segments of the market. There is not enough being done to address the housing crisis.
Where will those entering the workforce live? When will it get better? Will many have to leave large centers, like Toronto and Vancouver for destinations in Calgary, or even the USA? Governments have tried to address the issue; however, the loss of these younger demographics will have a significant, and dire, impact on the GTA’s social and economic landscape for generations to come.
