Key Players Discuss Housing Crisis and Solutions in Ontario and GTA | Gizella Nyulas

Gizella Nyulas

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Key Players Discuss Housing Crisis and Solutions in Ontario and GTA

Real Estate News
Oct 25, 2023

Image by: unsplash

Key players in Ontario and the Greater Toronto Area's housing sector, along with municipal leaders, came together to address the ongoing housing crisis and explore potential solutions in a virtual event organized by the Residential Construction Council of Ontario. The housing crisis is attributed to a combination of factors, including high lending rates that occurred rapidly and insufficient construction to keep up with population growth over the past two decades. Jason Mercer, the chief market analyst of the Toronto Regional Real Estate Board, emphasized that if housing supply isn't increased to accommodate newcomers, it could endanger the local, provincial, and national economies.

Read the full article on: CBC

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