Finding Toronto Real Estate GEMS | Toronto’s Soaring Living Costs Impact Residents

Toronto's soaring living costs impact residents, with 55% spending over half their income on housing, and 60% worrying about essentials.
Canada Housing Statistics Program reports 56.7% of condos built since 2016 are investor-owned.
Many experts link investor-owned properties to reduced tenant protections and escalating rent prices in Toronto.
Financial challenges force some, including young adults, to move back in with parents for savings and support.
A survey highlights the widespread struggle of Toronto residents facing inflated living expenses.