Economy 52,861 Posted September 1, 2019 Share Posted September 1, 2019 https://www.google.ca/amp/s/www.thestar.com/amp/news/gta/2019/07/12/apartment-vacancy-rate-hits-four-year-high-in-the-gta-as-condo-rents-soften-in-downtown-toronto.html Torontos vacancy rate has jumped from a shockingly low 0.3% to 1.5% now. Tho still far below the 3% that is considered healthy, it is an improvement Since the stress test mortgage regulations began 2 years ago, Housing Prices continue to fall in major Canadian Markets especially Vancouver Toronto has not seen the price relief that many cities in Canada have seen but very robust construction that has Toronto home to more cranes than any other city in the world giving hope rent and home price growth may moderate Trudeau has also started a program of several billion dollars to provide low interest loans to home builders who build rentals and affordable family units Despite more social assistance and higher minimum wages, Canadas housing crisis has resulted in a higher homeless rate than in the US for years now Link to post Share on other sites More sharing options...
RemovedPerRequest1 124 Posted September 1, 2019 Share Posted September 1, 2019 ***Ontario’s housing crisis Link to post Share on other sites More sharing options...
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