
Real Estate News
Toronto’s Expected Population Boom Will Need to See Houses Built Fast
Toronto’s Expected Population Boom Will Need to See Houses Built Fast
The Greater Toronto Area (GTA) is expected to grow fast in the coming decades and we have many reasons to celebrate this population boom.
New residents bring their skills and talents, and they spur economic growth from which we all benefit.
We should be building a healthy supply of new homes equally fast so that newcomers and established residents can find places to live at prices they can afford. Unfortunately, as things stand, getting new homes to market in the GTA is a process hindered by red tape and lengthy delays.
In order to get approvals for a new project, developers have to navigate layers of government regulation. On the municipal level alone, they go through 15 major approval steps to complete a townhouse complex or a single-family home, and nine major steps for a highrise building.
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