Podcast 28: You Will All Become Renters
Podcast 28: You Will All Become Renters
Home ownership rates are declining in Canada. In Ontario, they fell -3.1% to 68.4% over the past decade, yet in Toronto, the percentage of renter households were up by +25.1%. To add to it, housing supply is shrinking with a pause on new development demand and supply. Home ownership affordability is at an all-time high, household debt ratios are through the roof.
So where do you think are we going to house all these newcomers?
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