Angry Robot

Toronto prices, demand forcing buyers into suburbs

The headline is kinda stating the obvious for anyone who has looked into Toronto real estate. But this is interesting:

In 2012, the RBC-Pembina Home Location Study, found that more than 80 per cent of GTA residents would give up a large home and yard to live in a neighbourhood near public transit and where they could walk to grocery store instead of drive. It found more than 70 per cent of suburbanites in the GTA chose the location of their home based on price, not preference.

• December 6, 2013, 8:33 am |