best areas to live in toronto for young professionals

5 Toronto Neighbourhoods Young Professionals Love

09.28.20 | Buying

It’s no secret that Toronto is a mecca for young professionals. With incredible employment opportunities, an abundance of housing options, and an almost endless number of things to do, this city is tailor-made for the youthful and ambitious. Of course, some areas are better suited to those who are building a career—and enjoying the perks of urban living—than others.

Here are five of best areas to live in Toronto for young professionals…

1) Yonge-Eglinton

Much of the population of Yonge-Eglinton works in the area. That’s really not surprising, given that the neighbourhood has one of the highest employment densities in the city!

Residents here skew younger, and that’s reflected in the lively amenities you’ll find nearby. Trendy local eateries (like Bar Buca and Grazie Restorante) and eclectic boutiques (such as the Drake General Store and Eko for contemporary jewellery) abound. While you’ll find everything you need in the neighbourhood, travelling to other parts of the city is convenient thanks to the Eglinton subway station.

2) Distillery District

Gorgeous, turn-of-the-century architecture. Lively local businesses. An abundance of galleries, festivals, and outdoor events. Who wouldn’t want to live in the Distillery District? While this vibrant area draws buyers of all stripes, it’s a particularly good fit for young professionals.

The Distillery District’s one-of-a-kind developments are ideal if you want to embrace condo living—without resorting to a cookie-cutter unit. Its central location makes getting downtown a breeze, and there’s an incredible selection of local places to grab a coffee, enjoy a cocktail. or savour an incredible meal. The neighbourhood also hosts a Christmas Market that’s one of the city’s biggest annual attractions!

3) Cabbagetown

If you’re looking for residential charm without the commute, there’s no better place to be than Cabbagetown. This east-end community—with its revamped Victorian homes—is pretty, peaceful, and relatively close to downtown.

Locals grab their morning fix at Jet Fuel Coffee or It’s Jenny Espresso Boutique. Those who have a car and work downtown enjoy a less than 10-minute drive to the office. After work, amateur chefs check out the incredible selection of specialty foods at the Epicure Shop, while fitness enthusiasts hit up the Pam McConnell Aquatic Centre.

4) Liberty Village

West of downtown, Liberty Village is an ultra-convenient neighbourhood known for its young and vibrant population—and for being condo central. If you’re looking for a shiny new unit, you’ll find plenty of options here.

For many buyers, the biggest perk of living in and around Liberty Street is being close to the office. That usually means one of the creative agencies, startups, or other small businesses in the area’s converted warehouses and factories. The neighbourhood is also known for its hip eateries (like Mildred’s Temple Kitchen) and watering holes (think Liberty Commons Brewery).

5) King West

It might be the king of all neighbourhoods for young professionals. If you work in one of the area’s corporate offices, you’ll enjoy the convenience of living in King West. You’ll also appreciate its condo price tags, which tend to be a little lower than what you’ll find right downtown.

Buzz-worthy restaurants (like Ascari and the Green Wood), along with enticing pubs and nightclubs, line the neighbourhood’s main drag. Having the Entertainment District nearby means residents never have to endure a boring night, while the King streetcar ensures that they have no trouble getting to other parts of city when need be.

If you’re young, ambitious, and looking for a Toronto neighbourhood that will perfectly suit your lifestyle, your options are almost unlimited. By carefully considering your needs and exploring your options, you can find the ideal place to call home.

Have you got another neighbourhood that you consider to be one of the best areas to live in Toronto for young professionals? Let us know!

When you’re ready to find the right place, we’re here to help. Reach out to learn how we can ensure that your transition is as smooth as possible.

Downsizing Your Home

Downsizing Your Home – 5 Tips For a Less Cluttered Life

09.9.20 | Downsizing

Introduction to Downsizing Your Home

Are you ready to downsize your home? Whether you’re looking to cut back on expenses or you’re seeking a lower-maintenance lifestyle, committing to life in a smaller space can be truly empowering. While the downsizing process may seem daunting, it doesn’t have to be. Careful planning and expert advice can help ensure that your transition is as smooth as possible.

Here are five tips for making your downsizing journey a success…

1) Embrace the opportunity

Many homeowners see downsizing as a negative thing, and that’s understandable. Unfortunately, we live in a culture where bigger is often seen as better. The truth is, a smaller space can mean a less cluttered existence, a lower-stress day-to-day, and even a clearer head!

For this reason, we like to think of taking on less square footage as “rightsizing.” It’s not about living a smaller life. It’s about finding a place that matches your current lifestyle—and making the most of the space you do have. Plus, it’s the perfect opportunity to try a brand new aesthetic on for size!

2) Start decluttering early

Sifting through years (or even decades) of belongings takes time. While you may be tempted to put it off, waiting until you have a week or two to move is far from ideal. From the bedroom closet to the junk drawer to the attic, you almost certainly have more stuff to sort through than you think.

Then there are the logistics. Coordinating pick-up and drop-off times can be a hassle, which is why you’ll want to call local donation centres as early as possible. Ideally, you should give yourself a few weeks—or even a couple of months—to pare down your possessions.


Click here to read our comprehensive guide to Rightsizing


3) Make it fit

Part of the downsizing (or “rightsizing”) process is making sure everything you decide to keep will fit nicely in your new home. This is the time to break out your measuring tape and start recording the dimensions of your furniture and major appliances—along with the rooms in any property you’re thinking of buying.

Remember: the last thing you want is to feel boxed-in. As part of your fresh start, you should have plenty of space to move freely. With that in mind, try to plan for a foot and a half (at the very least) between large pieces of furniture. If the fit is going to be tight, think about opting for more compact pieces.

4) Work together

There’s no doubt that getting organized is a big job—one that can be both stressful and time-consuming. Luckily, sharing the experience with people you care about can make it not just tolerable, but fun.

Enlisting the aid of loved ones can help you turn your decluttering spree into a time to reminisce and enjoy one another’s company. While you do that, take a moment to honour your possessions and the memories attached to them—whether you decide to let them go or not.

Of course, there are also times when it makes more sense to get through the process as efficiently as possible. When that’s the case, finding a professional downsizer may be helpful.

5) Display your memories

While a lot of possessions can be purged without a second thought, some are precious. Downsizing gives you the opportunity to think about them all—and decide which ones can help make your new living space a home.

The photos in your box under the bed could make for a tasteful gallery wall. Your family heirlooms could find their perfect home on a floating shelf in the living room.

The truth is that even brand new decor you love can feel a little cold until you warm it up. Once you decide which personal touches you’ll want to transfer over to your new property, you’ll begin to feel more comfortable parting with the rest!

When you’re ready to start the downsizing process, we’re here to help. Reach out to learn how we can ensure that your transition is as smooth as possible.

Top 10 Toronto Murals on Instagram

Top 10 Toronto Murals on Instagram

08.5.20 | Toronto & Neighbourhoods

One of the greatest things about Toronto is its vibrant arts and culture scene, and the street art is a big part of it. Turning the grey walls into bright pieces of art, graffiti have become part and parcel of Toronto’s urban landscape. And Torontonians are absolutely loving it! Their Instagram feeds are bursting with pictures from Toronto street art. We’ve chosen the top 10 most popular Toronto murals on Instagram to help you find the best destination for your next photo walk.

1. Graffiti Alley

Graffiti Alley, also known as Rush Lane, is a home for, perhaps, the most popular collection of street art in Toronto. The alley is located between Queen St. and Richmond St. and its walls are covered with graffiti from top to bottom.

A post shared by Madi ? (@_mmwhite) on

Photo by _mmwhite

2. Underpass Park

Underpass Park is a unique community park located under the Eastern Avenue, Richmond and Adelaide overpasses. It used to be just a neglected underpass before revitalization project by Waterfront Toronto transformed it into a beautiful and hip public space.

A post shared by viv lynch (@rabbit_hearts) on

Photo by rabbit_hearts

3. Kensington Market

Kensington Market is one of the most eclectic and vibrant neighbourhoods in Toronto, and probably the most photographed one too. And the beautiful street art of Kensington Market definitely adds to its charm.

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Photo by trevor_york

4. Bloor St. W and Howland St.

This beautiful mural is a creation of a Toronto based street artist Nick Sweetman. As part of the city’s StreetARToronto (START) program, he worked on this mural as a tribute to the National Pollinator Week to support the protection of the dying off bees.

A post shared by Sasha (@indulgence.project) on

Photo by indulgence.project

5. Bloor St. West and Shaw St.

The eye-catching “Make Good” graffiti is located on a side of the building of Studio 835 – a hip artist center for designers, artists, musicians, photographers and film-makers. This stunning mural serves as an inspiration not only for the artists from Studio 835 but also for Instagrammers.

A post shared by CC (@1lyf.2_liv) on

Photo by 1lyf.2_liv

6. Barbara Hall Park

It seems logical that this graffiti is located in a park named after Barbara Hall – the first Toronto mayor to march in the Pride Parade. You can find Barbara Hall park with its beautiful murals and cute rainbow lights near the intersection of Church St. and Wellesley St.

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Photo by nmsalian

7. Gerrard India Bazaar

Toronto’s “Little  India”, or Gerrard India Bazaar is located in Leslieville, one of the trendiest neighbourhoods in Toronto. India Bazaar is the largest South Asian Market Place in North America and it has its own unique vibe and its stunning graffiti are a part of it.

Photo by nonelikejose

8. Bathurst and Harbord

If you go for a nice walk in Toronto’s Annex, make sure you don’t miss this spot. You can find this colourful bear graffiti on the wall of the funky teahouse and board games spot Bampot on the corner of Harbord and Bathurst. You can continue following the James Hales Lane to see more beautiful murals painted in a similar style.

Photo by torontoweststreetart. Check out more stunning photos on her Toronto Street Art blog.

9. Toronto Carpet Factory

This stunning mural is painted near the heritage building of Toronto Carpet Factory in Liberty village. The graffiti has become one of the favourite backgrounds for Torontonians’ wedding photos! Not to mention the building itself is spectacular. Built between 1899 and the 1920s as an actual carpet factory, it is now repurposed as a creative office space. You can find the carpet graffiti at the back wall of the School restaurant on the intersection of Fraser Avenue and Liberty Street.

Photo by diaries_of_jane

10. Dundas West

You can find this and several more murals at Dundas and Brock in Toronto’s Little Portugal. On the photo is one of the two murals unveiled in July 2017 and painted by the indigenous Mapuche artists from Chile – Paula Ferrer and Aner Urra. This graffiti was created to honour Violeta Parra, a Chilean singer-songwriter and activist.

A post shared by Toronto Murals (@muralstoronto) on

Photo by muralstoronto

KI00KI

Preparing Your House for Sale – Richard’s Story

07.23.20 | Uncategorized

Welcome to 26 Castle Frank Crescent. This Rosedale property is steps away from Castle Frank subway station and was the home to Torontism’s very own Richard Silver. The property is currently listed for sale at $3,248,000.

“[My family and I] had made the decision to downsize, giving us more flexibility,” Silver said. “We bought a condo that will be ready in 2021 and are curious if we could live in a smaller property.”

About the property

This 3+1 bedroom and 4 bathrooms residential home is approximately 3,479 square feet. It comes with professional grade appliances, a beautiful backyard with mature trees and a koi pond, and a Smartified home system.

The house is a detached side split and one of the only side split homes circa 1955 in the Rosedale area,” said Silver. “It has been substantially updated over the years and is an excellent house for entertaining.

When Silver purchased the property, he wanted a cottage-in-the-city type lifestyle to accommodate his busy schedule. The garden, which centres around a 200-year old tree does that for him. The garden is so amazing that it has even been featured in a magazine. Yet, other parts of the home are just as wonderful.

The main floor family room is where [my family and I] spend most of our time enjoying friends, family, the fireplace and the garden access.

Silver notes that property of this type would be ideal for someone looking to downsize as they plan to move into a condo.

The selling process

When an agent prepares to sell a home, there’s a certain process that must happen, and this includes more than just listing the property. Primarily, the seller must declutter, stage, and make minor renovations to the property to prepare it for showings.

“It is not a fun process,” Silver states, “But we had lots of help from our stager, declutterer and painter that made it almost pain free.”

When asked about his experience in the shoes of a seller, Silver described that,

We had to divorce ourselves from the home. The colours [of the walls] were lightened, the furniture came from our stager and we depersonalized it for showings. We had to always assume that there may be a showing that day and that the house [must be] in the best shape for the showing.

Staging

Though staging your home is not cheap, Luanne Kanerva, owner of Katu Design, who was in charge of staging Silver’s home explains why it’s so important:

Staging can benefit both the sellers and the buyers. Sellers sell faster and for more money and buyers often see potential in a home they might have otherwise overlooked. Staging also makes rooms look bigger and gives a sense of space. It can be difficult in an empty room to decide if a king bed or large sofa will fit. Most people now decide to come to see a property from online photos and a series of blank wall/bare floor shots reveal nothing and are not very inviting.

Kanerva has worked with Silver for about 15 years. However, she treated Silver as as any other client and started with a consultation. Together, they decided on new paint colours and Luanne made recommendations on taking away certain pieces of furniture that were too dark or large. Furniture was rearranged to create a better flow for buyers to move through the rooms.

I always tell my clients that selling is not living! So, although you may want five side chairs because you have family visiting every weekend, for selling we need people to walk freely through the room. Therefore, we take away three of the chairs.

Kanerva loved the layout and flow of the Rosedale property. She noted that it’s perfect for entertaining or a home/work situation, and that the garden is so peaceful that it can be hard to remember you’re so close to downtown.

Kanerva, in staging 26 Castle Frank, started off slowly. “…but then I realized he had some very large dark pieces of dining room furniture that really had to go, so I just did my job!” Kanerva said,

[Richard] was fine but I think it was a good reeducation for us about how emotional and time consuming the decluttering and staging process can be for some homeowners

To Kanerva, Silver was the ideal client because he trusts her work. Her biggest challenge is often reluctant homeowners.

Decluttering

Another important part of selling a home is decluttering.

“Decluttering is the process of sorting through your belongings to determine what you want to keep, donate, give to friends and family, sell, and discard,” according to Ann Christie, owner of Declutter and Downsize.

By completing the decluttering process, you will transform your space into organized functional areas that are not overcrowded and are easy to maintain.

Christie has worked with Silver for 15 years. She sees the importance of decluttering in the home selling process because the accumulation of “stuff” can often overwhelm homeowners. Decluttering helps organize a seller and presents the home to potential buyers in the best possible manner. When a buyer walks in, they can better imagine themselves living in the home when they’re not distracted or put off by mess and chaos.

The challenges of decluttering are similar to the challenges of staging — homeowners commonly have a strong attachment to their decorating style. However, this was not a major issue in declutter 26 Castle Frank.

“Richard and [his family] are great clients, to be honest – ideal clients, they make good, quick decisions and stick with the decisions they make,” said Christie. “They trust the decluttering process, because they have seen the results so many times when we have helped Richard’s clients prepare their homes for sale.”

Selling any home is a huge process. Staging and decluttering can often be the hardest part because it involves a seller detaching themselves from their personal belongings and watching their home become just another house again. But Silver, who understands the importance of staging and decluttering, made the selling process seem easy by reminding himself to not get attached and to work with his stager and declutterer, instead of against them.

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Best Bakeries in Downtown Toronto – Patachou is gone, what’s left?

07.23.20 | Uncategorized

It was there for three and a half decades, but now Rosedale’s Patachou Patisserie has finally gone the way of the diplodocus and the dodo, leaving some of us wondering where our next croissant will come from. Fortunately, the Rosedale area is not short on fancy food dispensaries, especially along Yonge street. So, while none of the places described below is exactly like Patachou, they may each be able to fill the gap in some way.

Nadege Patisserie

The original Nadege Patisserie opened in 2009, at 780 Queen St. West, under the ownership of French pastry chef Nadege Nurian and her Torontonian partner Morgan McHugh. The pair opened a second, smaller, Rosedale location in 2011, at 1099 Yonge st, about a block and a half north of Patachou’s old corner at Yonge and Macpherson.

Nadege isn’t as cozy as Patachou was, and it isn’t a restaurant at all (although the one on Queen does have a cafe section). In fact, the place bears some resemblance to a jewelry store, with the flat, bright, glassed-in displays and perfect, colourful wares. The prices are also somewhat reminiscent of jewelry; a single sculpted treat no more than three inches across can be around seven or eight dollars, and a single chocolate ‘bon bon’ is $2.5 – or $16, if you get four in a fancy box. You could pull off a credible marriage proposal with one of these things.

One reason for those often eye-watering price tags is certainly the quality of ingredients used.

“When I look at ingredients I don’t look at the price of stuff. I look at quality.”

Ms. Nurian told me, but she does apparently try to give some financial consideration to her customers;

“The idea is like, yes, it is really nice, there’s a lot of… the best ingredients, but I want to make sure that everybody can still come and feel great.”

I’m not sure about ‘great’, but I did feel pretty good while eating the Nadege pain au chocolat ($3.15 each, including tax), which was moist, flaky, buttery tasting (but not greasy), with a rich, smooth vein of bitter chocolate down the centre.

During my conversation with Nurian, the word ‘passion’ kept showing up, especially when I wondered what had made her patisseries so successful.

“I’m very strong, that’s what I think it is.”

She explained matter-of-factly

“And I’m very, very passionate about what I do. And I think, the passion; I’m able to pass it on to people.”

This passion, it seems, is artistic in nature, for when Nadege Nurian talked about her work, she didn’t talk about ‘baking’ or ‘cooking’, but ‘creating’.

“So, how I create; I create, you know, first on paper, I write ideas, I sketch cakes, I sketch things, I write colour ideas, everything.”

The inspiration for these creations can come from all over the place

“I mean, you know, it’s everyday life. Like travel, meeting people, fashion, reading. And I think, you know, when you’ve a creative mind it just comes. I don’t know, it just comes.”

Of course, there are other, more external sources from which ideas flow. I asked Nurian if her customers ever put in requests for new products. The answer was emphatic;

“All the time.”

“Sometimes there is a lot of customers who want, like, very traditional french. You know, I could do some, but some I don’t want to do, because it’s been so overdone. But maybe there is another way – I try to understand what they like about it, like maybe that flavour that I can shape in a different way.If it’s something that’s really, like, everywhere, I’ll maybe try to put my own touch on it.”

And sometimes, she just goes ahead and does exactly what the customers ask for.

“I remember when we opened, customers, they kept asking me for gateau basque, gateau basque, gateau basque.” recalled Nurian. “And so we did it last year, and I think people are very happy about it.”

Although she is very much involved in the creation of new products, success has meant that Nurian is now much more of a businesswoman than the hands – on chef and baker she used to be.

“I’m still in the kitchen every day”

she said,

“but for a very short time.”

The growth of Nadege Patisserie means a few other changes have occurred as well:

“Now, you’re responsible for everyone here; we have an amazing team… we’re responsible for them as well, you know. So we have a budget, and things like that. Things are more draining when you’re the owner than just the chef. There’s a big difference. So it’s important to keep the passion. I think the day you stop, people could feel it in your products, for sure.”

So once again, it comes down to passion.

Chocolate Brunette

I’m pretty sure that a few years ago, there was a crystal ball in the window of 182 Avenue Road. Snuggled in between Dupont and Davenport, the spot advertised fortune-telling and other mystical services for years before gently fading out of existence like the face of an over-used tarot card. The vacant store-front caught the eye of Micol Corno, a local pastry chef with an online business called The Chocolate Brunette Pastry Company, and an ambition of running her own store.

The physical Chocolate Brunette opened a little over a year ago (one year and two months, to be precise), and when it started, it ran full-bore with a crew of one.

“I did it for almost a year.”

Corno said of her exhausting one-woman baking act.

“It was a lot of work. But I want the products to be made fresh daily. I wanted to keep the freshness – it’s extremely important to me.”

Now, she has another full-time worker who can mind the shop while she’s “in the back concentrating on the baking.” Everything on display is made on site.

And what is it, exactly, that is on display here? Corno gave me a fairly vague but tantalizing list;

“We have cupcakes, truffles, cookies, individual portion-sized sweets, and then we also offer salads and sandwiches for the businesses in the area.”

Unlike Nadage Patisserie (and a few other Yonge street bakeries), nothing about Chocolate Brunette is even thinking of being French. The desserts are “Italian infused”, to use Corno’s words.

“So for example, we have cookies with nutella, which is Italian. We have crostata di frutta, which is an Italian fruit tart, and profiterole, which is a well-known cake in Italy. But we put our own twist on them.”

I didn’t realize all of this (nutella is Italian?), and assumed – even after looking at the website – that this was primarily a fancy cupcake store with some cookies on the side. Apparently I’m not the only one:

“A lot of people mistake it for a cupcake place.”

Cupcakes are a pretty big deal here, it’s true, but Corno told me she hopes to expand into soups for the cold weather, as well as pasta, and of course, hot chocolate (“With whipped cream on top”). She is also considering a more health-conscious – and for a pastry chef, much more radical – line as well:

“A lot of people do ask me for gluten [free]. The truffles are gluten-free, but I want to introduce, maybe a gluten-free cupcake if possible.”

I expressed doubt about such an endeavour, but was assured that

“It is possible, and they can taste quite good, without the gluten.”

It seemed silly not to ask about the recipes and ingredients involved in the Chocolate Brunette. Name aside, there are lots of things here that don’t involve chocolate.

“I try to keep it as simple as possible.”

said Corno

“I don’t want to use too much butter, too much sugar. I try to use high-quality ingredients.”

I, on the other hand, tend to work on the assumption that more butter is better, but Corno seems to consider it too heavy, and said that she limits it because

“I don’t want a customer eating a dessert and then they feel like they just eat a piece of brick.”

There wasn’t a crumb of brick in the nutella cookie and ‘molten lava’ cupcake Corno was kind enough to send home with me (but for a baker’s beneficence, $1.50 and $3.00, respectively). The cookie’s texture was unusual but not unpleasant, and its flavour a fine mix of both chocolate and hazelnuts. Oddly enough – given Corno’s care with sugar – it was too sweet for my taste, but the cupcake was just right; moist and fluffy with a blob of rich chocolate ‘lava’ embedded in the bottom.

I asked Corno what the worst part of her business was. Her answer was instant;

“The long hours. No sleeping. I haven’t slept in a very long time.”

From our conversation, I’m guessing that – along with sleep deprivation – another hazard of the baking business is Chronic Sampling Syndrome. When I asked Corno if she tried a bit of each batch just to make sure it was up to snuff, she gave me an adamant

“No no no. I wish. No.”

Before adding that

“It’s quite hard to stay away from the chocolate.”

Despite all the trials and temptations, Corno seemed quite happy with her work. If failing to get any sleep is the worst part of it all, then the actual food creation is the high point.

“I love being in the kitchen and baking.”

she assured me

“That’s the best part.”

Looking at her welcoming but tiny venue, I asked Corno if she had any plans to expand in the future.

“Definitely.”

she said

“If possible, yeah, I’d definitely like to expand and have another Chocolate Brunette in the city. Definitely. But we’ll work on this location first. One thing at a time.”

Honourable Mentions

Baking is a busy line of work. While Nadage Nurian and Micol Corno were both able to take a little time off to speak to me, the proprietors of two other fine flaky establishments never quite got around to answering my emails. Both places do deserve at least a brief mention here though, if for no other reason than the fact that they both resemble Patachou quite closely in basic concept.

Just a little bit south of where Patachou once stood, Le Petite Gourmet is still soldiering on at 1064 Yonge st. They don’t strike me as quite so high-end, but they’re also not as high-priced, and – like Patachou – you can get a full meal and eat it on site. They even had plum tarts ($2.65) when I visited in August, as well as two types of meat pie ($3.65). I’d avoid their two-dollar danishes though. The one I had actually tasted stale.

Right across the street (literally, right across it) from Nadage Patisserie is Petite Thuet at 1162 Yonge st, the only place on this list that will actually sell you a loaf of bread. In fact, Thuet (named for one of the owners) will also sell you some jam to put on that bread, and has seating for about four people and a Chihuahua. They also make a pain au chocolate that’s decent but not quite as good as Nadage’s (but at $2.50, is a bit cheaper), and danishes (also $2.50) that aren’t as bad as Gourmet’s, but aren’t that great, either. Their sausage-rolls ($3.00) are kind of fun though.

Meet the photographer: John Steven Fernandez (born 1990)

John Steven Fernandez
John Steven Fernandez

This Toronto based photography student, currently studying at Seneca College of Applied Arts, was born and raised in Toronto from Chilean-born parents. Growing up, John would often visit Chile, and would document every moment of his trips, which had a major impact on the style of photography he enjoys most today. John’s main disciplines of interest are street photography, photojournalism, news, and event photography. John’s greatest passion in life is to travel, experiencing other cultures and meeting new people. John’s dream is to one day travel the world documenting his experiences and communicating his emotions to the world through his lens.

JNJFVK

Canada’s Rising Urban Population Problem And It’s Impact On Housing Prices

07.23.20 | Uncategorized

As Canada’s population grows, the price for housing continues to increase in the country’s major urban centres.

According to the Ministry Of Finance, in Ontario alone the population is projected to grow by 30.1 per cent over the next 26 years with the GTA the fastest growing region in the province. Population there is expected to increase by more than 2.8 million, reaching nearly 9.5 million by 2041.

With more people moving to cities home prices are expected to increase. In addition to population growth the rise in prices is being amplified by a lack of supply. Just what is causing this dearth is a hotly debated issue.

Some people have pointed to foreign investors swooping in to buy up all the real estate, a theory which has led to the implementation of a foreign buyers tax in Vancouver. British Columbia’s Liberal Party brought in the tax in an attempt to cool the market, but it’s largely too soon to tell whether there has been an impact on home affordability. Officials in Toronto are watching closely, but others believe the problem stems from elsewhere.


Toronto Sign

“People want to come to Toronto and the number of people has increased, but the number of potential housing has not increased at the same rate,” says Richard Silver, Sotheby’s International Realty.

I think what happens is that Toronto is fairly fixed in its ability to grow in size because of the moraine at the top and the lake at the bottom. But I think it has more to do with the fact that there is land and there’s potential for land but there’s a lot of government restrictions on it.

Writing for the Globe and Mail, Brian Lee Crowley, managing director, and Sean Speer, Munk senior fellow at the Macdonald-Laurier Institute, point to past and present governmental policies for causing the dwindling housing supply:

Present policies such as green belts and land reserves, exclusionary zoning and obstructive building and construction regulations are directly or indirectly designed to manage the housing supply – including the types of homes that are constructed. One can debate the utility of these ‘urban containment strategies,’ but it’s not debatable that they’re making homeownership more difficult, rather than easier.

They point to research done by Harvard economist Edward Glaeser, which “has shown that restrictive land-use regulations are a major impediment to housing supply and in turn drive up prices.”

It’s a sentiment that Silver echoes, pointing out certain “sacred cows” like schools and churches that seem to defy development.

They were complaining today about Don Bosco School in Etobicoke having 90 people in the school where it used to have a thousand. So why have you got a school sitting there with 90 people, can’t that 90 be moved into another school and that property be developed on?

Dundas Square

In their article, Crowley and Speer argue that the federal government should use spending programs to encourage provinces and municipalities to liberalize reforms to restrictive zoning and housing regulations. But for young buyers it may be a matter of shifting expectations. As Silver points out, Toronto is Canada’s Manhattan, a city where the idea of homeownership is distant at best.

It’s a matter of expectations. Is the Canadian dream to own or is the Canadian dream to live in a country that has a lot of freedom and stuff like that? Is it imperative that we assume that everyone just has to own a house? Is that the Canadian dream or can the Canadian dream be renting?

The numbers support this. These days, as Crowley and Speer point out, median households need to dedicate 71.7 per cent of their pretax earnings to own a single-family detached house in Toronto. In Vancouver the number is even higher.

So if foreign buyers aren’t the root cause of the hot housing market, what is the purpose of a foreign buyer’s tax? Silver believes the endeavour is concerning.

I don’t like what it says. We’ve always been the home of foreign buyers and we’ve always been the place where people want to come to and I think it’s a bit of a slap in the face for anybody who wants to move here.

He believes a tax on properties left vacant would be more useful. These are buildings that remain unoccupied but still draw on services. Regardless of how expensive housing gets, he says foreign buyers are something Canadians need to get used to.

China has three times the population or four times the population of Canada and the United States, they have the ability to travel, and to move outside of China and so they’re doing it. So are we going to be receptive and welcoming the way we have been for groups from England and Europe and other parts, or are we going to close our doors because it’s someone from China?

Silver finds this discriminating:

It’s very disappointing to me. My family is pretty diverse and I’ve always been about diversity. I fought for it for years and the fact that we’re trying to segment one group, even though we’re not saying it’s one group, is disappointing to me.