People living in Canada’s largest city will increasingly need to make a choice between a long commute to work and living in a condo as housing affordability continues to erode.
In a new report called Priced Out, the Pembina Institute and RBC say there’s no end in sight to high-priced single-family homes in Toronto.
While there’s no shortage of land in the outskirts of the city, the tradeoff is a car-dependent lifestyle and endless time spent idling traffic jams.
That’s not only irritating for people in their cars, but also unproductive for the economy and bad for the environment, the report says.