This paper authored by CUR Senior Research Fellow, Frank Clayton, addresses why since the mid-2000s housing affordability in Ontario’s largest metropolitan area, Toronto, has deteriorated much more than in the province’s second-largest metropolitan area, Ottawa.
There is a growing awareness that an inverse relationship exists between housing prices and the characteristics of the land use planning framework. The paper examines the roles of demographic, economic, and housing market factors in the increasing affordability gap between the Toronto and Ottawa census metropolitan areas (CMAs) with the influence of the planning systems being determined residually. The full paper can be downloaded from the Toronto Metropolitan University web site at https://www.torontomu.ca/centre-urban-research-land-development/publications/reports/
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