Greater Toronto Area
are not complying with Ontario’s requirement to have three years worth of serviced land for new home building.
That’s according to a new report by Ryerson University’s Centre for Urban Research and Land Development, which concludes that the situation is fueling the housing shortage in the area.
The study’s author Frank Clayton told the Toronto Star
that there is a demand for ground-related housing that is not being met. He is calling for an inventory to be compiled showing what land is available across the regions and for what housing type it is ready for.
Clayton says only Whitby
currently have accurate data on what is available.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Many of the regional governments of the