Torontonians could find themselves “doubling up” on housing with friends or relatives in the coming years as the city’s breakneck population growth outstrips the supply of new housing, an urban planning expert is warning. In an analysis published online this week, researchers Frank Clayton and Eva Shi of Ryerson University’s Centre for Urban Research and Land Development found that Toronto is the fastest-growing city in the U.S. or Canada, and by a long shot. The researchers describe this rate of growth as “stunning.”Ryerson University/HuffPost CanadaLooking at metro areas, Greater Toronto had the second-fastest population growth, behind only Dallas-Fort Worth. Ryerson University/HuffPost CanadaBut while that may look like success from some perspectives, it means the city is risking a serious housing crisis, study co-author Frank Clayton said. Data from Canada Mortgage and Housing Corp. shows developers are reacting to the slowdown by cutting back on new construction.

Source: Huffington Post June 01, 2019 16:41 UTC