Every year Toronto records approximately 80,000 to 100,000 newcomers from around the globe annually.
It has been estimated that Toronto and the GTA will need to provide up to 40,000 units of housing per year however according to RealNet Canada the entire GTA Condominium high rise industry working at full capacity over the last five years has not been able to produce more than 15,789 unit in any given year.
Is it now possible that Toronto could experience an under supply of New Condominiums that only could lead to higher prices in the future.
What will happen if Toronto can not build enough Condos?
The various governments have restricted single family homes by various green belts and growth guidelines so the most intensification will occur in the high rise sector.
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