06 Feb Who’s really to blame for Toronto’s affordability crisis?
Original article via Toronto Storeys. Click here to read.
While there’s little question that Toronto is facing a housing affordability crisis, many of us are still left wondering who’s to blame?
Who is at fault for sky-high home prices, ever-shrinking condo units, high rents, low vacancies, resale bidding wars, and the myriad of other symptoms of a sick housing sector?
Does responsibility lie with landowners, the developers, the realtors, the bankers, or with you and me —the end user — who has gladly borrowed beyond our means, assumed a healthy dose of FOMO and dove into the deep end of the housing pool, without a lifejacket or lifeguard in sight.