Just a confirmation from the builders association with regard to the GTA housing shortage. Not enough low density homes were built in 2016 to meet market needs. This is a problem that will not go away until the Ontario Government does a major change in land use policies. Even then it will take years to bring balance back to the market.
Bob

Supply shortage driving Toronto housing prices
Garry Marr Financial Post gmarr@nationalpost.com Twitter. com/dustywallet
National Post – (Latest Edition)
Dec 23 2016

TORONTOâ€� There hasn’t been such ad earth of housing in November in the Greater Toronto Area in almost 16 years, and it’s pushing prices to new highs. The Building and Land Development Association said Thursday that a critical shortage of supply is…read more…