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> Average house (detached) price is over 1.3 million. The popularity of wanting to live in Toronto makes detached housing for everyone who wants it untenable.

• jseliger 8y ago
  The popularity of wanting to live in Toronto makes detached housing for everyone who wants it untenable. There just isn't enough space. There is plenty of "space;" Toronto, like many municipalities, just makes increasing the housing supply illegal: https://www.vox.com/policy-and-politics/2018/9/24/17896482/building-more-stuff-housing-gentrification-cities https://www.vox.com/policy-and-politics/2018/9/24/17896482/b.... When supply is restricted in the face of rising demand, prices rise. This is what existing owners want: http://cityobservatory.org/homevoters-v-the-growth-machine/ http://cityobservatory.org/homevoters-v-the-growth-machine/ and that's why we're getting it. Baby boomers are, sometimes literally, forcing their own children out of the city.
  • admax88q 8y ago
    That's a problem for sure, but my point is that regardless is you cannot physically increasing the housing supply of _singly detached houses_ in Toronto or similar cities, regardless of policy.
• shados 8y ago
  Yeah, a lot of articles and studies quote single family detached homes, while referring to high density, high demand areas where those things basically don't exist. The cost of a 2 bedroom single family in Manhattan is not a very interesting metric.