The Motria Group's Market Blog: Being in real estate sometimes gives one a very good perspective on life
Tuesday Jan 24th, 2017Share
Being in real estate sometimes gives one a very good perspective on life… Last week we were selling a house which had a number of tenants who were paying low rent and renting by the room. The house required substantial renovation and in many areas reflected the inability of it’s tenants to cope with everyday life which many of us take for granted. The area was hot and upcoming where many homes are being purchased for renovation. The tenants are usually asked to leave. Where will all these people go? Will they be able to cope with the change and find new accommodation? As Toronto becomes more and more expensive and gentrified low income accommodation will increasingly become a problem. I think the city needs a plan.