Photo Credit: csdf
All you need to know regarding the housing market in Toronto, Canada and abroad.
This week in Toronto: Where the mayoral candidates stand on housing, in the depths of a twitchy market and choosing the right home.
Elsewhere: Red flags are raised over Canada's top housing markets, America's housing policy repeats the same mistakes and Singapore and Malayisa clash yet again.
Toronto Election 2014: Issue Navigator—Housing (Torontoist)
Olivia Chow has made housing a central plank of her mayoral campaign. She has promised to bring to council a proposal for inclusionary housing that would require 20 per cent of units in new residential towers to be affordable. Council would have to define affordability, and Chow’s goal of 15,000 new affordable units is highly ambitious. But Chow is the only major candidate advocating for hard targets on new affordable housing.
In a politically surprising move, Olivia Chow sided with Tory, asking if many of the children who go to school hungry or live in decaying public housing units would agree with Ford’s assertion.
Toronto mayoral debate hosted by the Toronto Real Estate Board (The Toronto Star)
Instead of agreeing that Scarborough is gets neglected at city hall, Tory said he hears residents from across the city — not just Scarborough — who complain about the cleanliness and state of maintenance in the park system and other public facilities.
In the depths of a twitchy market (The Globe and Mail)
Toronto’s real estate market has remained twitchy through October as buyers seem willing to wrestle for some properties but not others.
I just thought we couldn’t afford a house in Toronto – at least not in a location that we’d actually find desirable. We’re urban people, so we wanted to be close to downtown where there’s culture, restaurants, shopping, etc. Before we started our search, we weren’t as educated on the Toronto housing market, or the different pockets in the city where housing is still somewhat affordable. Ok, scratch that, not affordable – because nothing really is here – but attainable! So, we started looking at condos.