What you read likely has to do with multi-individual/family focused dwellings. Toronto is currently overbuilt for single bed rooms, but under-built for units su

What you read likely has to do with multi-individual/family focused dwellings. Toronto is currently overbuilt for single bed rooms, but under-built for units suitable for families. Anyways, as far as what to do - Patience. Most people in Toronto who have good/great credit have mortgages w/~2.4% interest rate and 5 or less year term. What that means is that a ~1% increase in rates would increase their annual interest expense by ~50%. Considering that the average house price is $1MM in the GTA, let's say the average downpayment is 20% (it's actually lower from what I've read...), and you're looking at a situation where if rates go up just 1%, the average new home owner is going to need to come up with an additional $8K / year after tax, so ~$11-16K before tax, in order to not default on their mortgage. With wages being as stagnant as they are in Canada, and the average Canadian being more in debt than they have ever been in the history of the country(1), you can imagine that there will at least be a couple of people who will no longer be able to afford the houses they are in and need to sell it off. 1)http://www.theglobeandmail.com/report-on-business/economy/canadians-debt-burden-still-growing-hits-record-in-fourth-quarter/article29172712/ http://www.theglobeandmail.com/report-on-business/economy/ca...