Welcome to the Angular Plane, a blog that explores housing issues in the Greater Toronto Area.
The GTA is experiencing one of the world’s worst housing crises, making it impossible for any young person to afford a home without inherited wealth.
All sorts of different explanations have been offered as to why housing has become so expensive. Those of the right have blamed high immigration rates as well as rock bottom interest rates set by the Bank of Canada that have persisted since the 2008 financial crisis and continued with COVID-19. Those on the right have said that it’s all the fault of greedy developers only choosing to build “luxury housing” as well as (foreign) real estate speculators that hoard homes empty.
This blog will examine the roadblocks that stand in the way of new housing supply that could go a long way when it comes to alleviating this crisis and offer commentary on housing-related news.
Thanks for reading and stay tuned for more content on the Angular Plane.
Disclaimer
This blog was set up for the purposes of completing the final assignment for the Foundations of Digital Communications Strategy & Social Media at the University of Toronto School of Continuing Studies.
All of the opinions made in this blog are that of mine and not those of any employers or organizations I’ve been associated with at past or present.