HOUSING SHORTAGE IN 1944 – THE MAYOR & CITY CLERK TELL THE PUBLIC THE CITY IS FULL

“Notification is hereby give to families residing outside this City. The City has exhausted every available means of finding accommodation for those families already (here) and is unable to cope with an additional number.

“For your comfort and convenience DO NOT COME TO TORONTO FOR HOUSING ACCOMMODATION.” – Robert H. Saunders, Acting Mayor & J. W. Somers, City Clerk, July 29/1944.

Housing trauma in 2017 – 73 years later. Katia Dmitreieva in BLOOMBERG NEWS writes “Even real estate developers can’t afford TORONTO’s housing market. Land prices have gotten so high that developers are struggling to build new homes that people can afford. Buyers are no longer lining up, despite discounts and incentives.

“Developers are shifting business to U.S. states including Florida and Texas. About one-third of business for TORONTO-based Mattamy Homes Ltd., Canada’s largest residential builder, now comes from the U.S. and it’s growing quicker than the Canadian market.”

Michel Tremblay, a Canada Mortgage & Housing Corp. senior vice president, said that “the dream of homeownership may be fading for many Canadians.” He suggested long-term renting instead.”

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