Staying in Toronto?Homeowners
Toronto is getting busy again. Traffic is getting bad and slowly people are returning to work and play. In many ways the pandemic has given people some peace and quiet and those that really don’t need to live in the city are reconsidering staying. They still want the luxuries of a nice place but it no longer has to be in Toronto itself. Hence areas out of Toronto remain hot real estate wise and we are seeing luxury places being built where there were few. We are still waiting on the impact that accelerated immigration will have. There is currently a big shortage of staff in the service industry and immigration has always played a large role in this sector. All these people will need a place to live. Governments will need to accelerate processes to allow for more supply to be built. It sounds like everyone agrees that this is necessary. Now to do it.