Week In Review: Developers Can't Afford Land In Toronto + What New Federal Housing Plan Means

 Realosophy Team in Media RoundupToronto Real Estate News


Photo Credit: Toronto Star 

All you need to know regarding the housing market in Toronto, Canada and abroad.

This week in Toronto: Real estate developers can't afford Toronto's housing market, what the new federal housing plan means for the GTA and a lifeline through the new rental benefit. 

Elsewhere: Liberals' $40B national housing plan rests heavily on provinces, what the Trump tax plan will mean for U.S. housing and the U.K. Finance Minister seeks to placate young voters through housing changes. 


Even Real Estate Developers Can’t Afford Toronto’s Housing Market (Bloomberg)

Toronto-area land prices have gotten so high that developers are struggling to build new homes that people can afford. Buyers are no longer lining up, despite discounts and incentives.

Housing plan won’t help middle class, experts say (Toronto Star)

The federal Liberals’ new national housing strategy won’t shelter middle-income residents from the increasingly unaffordable cost of owning or renting a home in the Toronto region, builders and landlords say.
Can the government save the middle-class wannabe homeowner in Toronto and Vancouver? (The Globe and Mail)
The story of these two cities is that while sales levels have been volatile in the past couple of years, prices have increased at a higher rate than income. You have to wonder if the tradition of middle-class home ownership in these cities will fade away should these trends continue. The national housing strategy expected Wednesday will be closely read for ways to address this issue.
National housing strategy to include rental benefit (The Star)
“What happens with that baseline funding is terrifically important for the City of Toronto and Peel and York Region, and Durham, and Halton and so on,” said Suttor. “You need an ongoing subsidy flow and it shouldn’t just come from the city, it should come from senior levels of government.”


Liberals' $40B national housing plan rests heavily on provinces (BNN)

A Liberal government fond of promising help for those working hard to join the middle class unveiled billions in housing help Wednesday that could make a difference to hundreds of thousands of households -- but only in a few years when federal money finally flows to new units and tenant benefits.

Don't expect government meddling in the housing market to fix it: Don Pittis (CBC)

While the new government strategy makes a welcome political gesture toward solving problems created by the high cost of housing, there is evidence that the problem is bigger, more complicated and more intractable than any government can handle, even with this latest decade-long multi-billion-dollar plan.

Academic takes on Vancouver’s housing-supply ‘myth’ (The Globe)

However, he has concluded that Vancouver does not have a shortage of housing units. In fact, we have a surplus. And, as anybody in Metro Vancouver knows, prices have not plummeted as a result.


Realosophy Realty Inc. Brokerage is an innovative residential real estate brokerage in Toronto. A leader in real estate analytics and pro-consumer advice, Realosophy helps clients make better decisions when buying or selling a home.  Email Realosophy
This Week In Real Estate     |    

Toronto’s most authoritative real estate insights, delivered right to your inbox.