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The missing middle housing

Good Morning, As you most probably know our Real Estate Market is on fire. The lack of supply is drastic. Most of my colleagues would say, this is a very good time to sell, and they would be right. The situation is worse than in March 2017, still we do not have a bubble as it is true demand. As a professional, I think that we need to find solutions as it is not sustainable long term. I attended a zoom conference organised by TREB. One of the speakers was URBAN STRATEGIES INC. They shared their study on the ‘missing middle’ to assess the potential for increasing the available housing supply by introducing new forms of housing in the single-family neighbourhoods across the Greater Toronto Area. • Increasing missing middle housing means converting or building new development within existing, largely single-family neighbourhoods with slightly higher densities than those of the immediately adjacent housing. • The large number of high-rise apartment buildings are due to high land and development costs. These to be the smaller (very few have two or more bedrooms) and don’t suit family housing needs. • Most municipalities restrict multiple unit development to small part of their urban area. As a result, the region consists primarily of either single-family or apartment neighbourhoods. According to Urban Strategies Inc., the solution is to explore relaxation of current prohibitions to allow additional units in what are now single-family units in other parts of the GTA. Population decline in single-family neighbourhoods can be reversed with this focus, allowing population density to support the educational, social and retail amenities that help our communities thrive. My favorites were the Granny Flat the addition of a separately accessible above-grade unit as a part of a single Family home, or the Garden Suites, the addition of a unit to the rear of an existing house. Would you wish to receive the full report, let me know and I would be happy to share it with you.

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Stress test and the supply issue: the Federal Government has to take action.

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First-Time Home Buyer Credit, answers to your questions

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Market analysis, an appraisal, and an assessment, what’s the difference?

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How to Protect your Privacy?

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Are you sure you own your home?

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Patent and Latent Defects! BUYER & SELLERS Beware!

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How to get the best price for your home?

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