The Greater TORONTO Area (GTA) condo boom has been underway now for over a decade. In the middle of 2017, development reached its highest level yet. Most of the new GTA homes are in buildings taller than 5 storeys.
“Bedrooms in the Sky”, a report released yesterday, examines what’s coming down the pipeline in the GTA over the next five years. Are we on target to meet the shift in housing demand as millennials get older and seek larger spaces, and baby boomers downsize from detached houses?
The GTA will need more family-oriented housing units in mid-rise and low-rise buildings – unlike the stock built during the past several years.
To read the report by Ryerson’s City Building Institute & Urbanation “Bedrooms in the Sky” go to https://www.citybuildinginstitute.ca/wp-content/uploads/2017/11/FINAL-BedroomsInTheSky.pdf