If you're lucky enough to own a small slice of the GTA's pricey property pie, you could find yourself among those vehemently opposed to any new development in their neighbourhood. After all, established Toronto hot spots like The Annex, Bloor West Village and Mount Pleasant are full, right? But here's the problem.
Housing markets in Toronto and Vancouver are extremely hot, and average prices are skyrocketing. Every new data release, real estate report, and housing related comment is scrutinized, debated and analyzed in painstaking detail. A red flag is raised, an alarm bell is sounded, a stern warning is issued or extreme caution is urged by both domestic and international housing analysts and economists almost daily. How does this end?
Healthy food or prescription medications? Transit fare or school supplies? Those are the choices families are forced to make when the cost of rent and utilities add up to half of their income. If we're committed to building a strong middle class we must demand safe, quality housing that's affordable to families in all tax brackets.