The reason why Toronto (and SW Ontario) has seen an increase of housing prices, especially since 2015, is immigration: > The estimated number of families in th

The reason why Toronto (and SW Ontario) has seen an increase of housing prices, especially since 2015, is immigration: > The estimated number of families in the province grew considerably. Between 2010 and 2015, Ontario’s estimated number of families grew by less than 23,000 per year. In 2017, the province added over 50,000 families; in 2018 it added almost 70,000 in a single year. > Despite this population growth, housing starts hadn’t increased all that much after 2016, staying well below the levels of the 1970s and 1980s: > A closer view. Between the four years from the start of 2016 to the end of 2019, Ontario added almost 230,000 people to its population each year, over twice as many as in the four period that proceeded it. Despite this doubling, the number of housing units was only 9% greater in that 2016–19 period than in the four years that proceeded it: * https://mikepmoffatt.medium.com/ontarians-on-the-move-2021-edition-73709568d58b https://mikepmoffatt.medium.com/ontarians-on-the-move-2021-e...