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November 25, 2020 60 min
Over the past few decades, condominiums have become a highly popular real estate choice in Toronto because of their modern amenities and a multitude of personalized facilities. Their ability to attract an upwardly mobile, urban client makes them an ideal choice for individuals wishing to locate in prime, downtown Toronto spots with easy access to transits and shopping centres. In this episode we examine the spatial transformation of Canada’s largest housing market, Toronto. We review the policy framework that supported and regulated condo growth and explore the implications of continuous restructuring. In particular, the struggle with housing affordability and why Toronto has created little purpose-built rental housing over the past 40 years. Even more worrying, house prices have decoupled from income levels and are driven by access to capital which gives investors & speculators a clear advantage over average working Canadians. The question has now become, For Whom are we building?
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