People ‘fleeing to the Outskirts of Toronto’

//People ‘fleeing to the Outskirts of Toronto’

People ‘fleeing to the Outskirts of Toronto’

2019-01-13T02:53:07-04:00May 9th, 2017|Categories: Toronto Real Estate Agent|Tags: , , , , |0 Comments

Speculates housing costs are playing a role, a sentiment echoed by housing and immigration experts.

“I’m sure money is part of it,” says Graham Haines, research and policy manager with the Ryerson City Building Institute. “Living in Toronto, living close to Toronto, is becoming more and more expensive.”

“As that cost increases, people are fleeing to the suburbs for cheaper rents and mortgages,” echoes Margaret Eaton, executive director of Toronto Region Immigrant Employment Council.

Both say municipalities throughout Halton, York and Durham regions, all hot real estate markets as well, where house prices have spiked in spots like Oshawa and Oakville in recent years, need to prepare for the ongoing influx of immigrants.

Outskirts of Toronto communities need to “build in the services immigrants are looking for, the opportunities to set up new business,” Haines explains.

Eaton says those kinds of supports are crucial, particularly since immigrants tend to struggle to get jobs that match their education and experience, they also face a higher unemployment rate than the general population.

“I worry that as we push immigrants out to the farther reaches of the city, and they still have to either own a car to get to work or spend hours on transit, that we just create further inequality and reduce opportunities for people,” she says.

East end of Toronto is growing.

Pickering, Ajax, Whitby, Oshawa are all growing quickly. If you are thinking about moving or relocating to an affordable city, time is now before they also become unaffordable.

Contact East Realtors: (416) 273-4114