There's a change in the air. There’s talk of prefab housing being piloted to combat homelessness. Laneway suites will soon be popping up across all of Toronto. Sidewalk Labs unveiled plans for mass timber building designs and prefab construction.
A new study by Generation Squeeze in Vancouver found average home prices in Canada need to drop by nearly 50% for a typical 25-34 year-old (let’s call them millennials) to afford an 80% mortgage on an average priced home. Or, their earnings need to double
It’s possible that there will soon be more laneway suites in Toronto in the near future as the Planning and Housing Committee recently endorsed a plan to support this type of residential development across the city.
I’m sensing a lot of negativity these days - not just in the housing market, but all around the world and close to home. And you know what? I’m tired. Thank goodness the Canada Day Long weekend is coming up.