Toronto Real Estate: Lack of housing supply (detached, semi-detached and townhomes), driving prices to record highs.

“Many households demand a single-detached house with a yard as their preferred abode,” Mr. Clayton wrote, warning that to restrict the supply of low-rise housing and encourage more high-rise condo construction “will lead to even higher house prices … and huge capital gain windfalls for the lucky owners of existing houses and vacant lands on which new ground-related homes could be built.”

Lack of supply driving GTA house price surges, Globe & Mail article

For more info on homes sales in your neighbourhood, please contact us or tochristineng@gmail.com