Recently, as you might know, the Ontario provincial government have big plans to change the landscape of Toronto’s real estate market.
A huge concern was to create affordable housing for Ontario residents being priced out of the rental market. One of the proposed measures was rent control.
We know, that this is an issue for many analysts and market players. While the rental market is expanding rapidly in Toronto, actual affordable housing is scarce. Real apartment buildings – not condos for rent in Toronto are becoming more rare with each passing year.
The question is really, is a subsidy for rental housing enough to inspire builders to produce rental units?