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RSS FeedsHere`s why you`re not going to get that starter house, city study says
(The Star Fashion & Style)

 
 

20 june 2017 21:54:00

 
Here`s why you`re not going to get that starter house, city study says
(The Star Fashion & Style)
 


Toronto’s chief planner Jennifer Keesmaat grew up on a half-acre lot in the suburbs. She’s raising her own children in a house with a typical postage stamp city yard. When she talks to them about where they will raise their own families, Keesmaat encourages her kids to imagine an apartment.That’s because the old idea of a starter house — a detached three-bedroom home with a yard — is a non-starter for many families in the city now, she told the Toronto Region Board of Trade (TRBOT) on Tuesday.Single-family homes are prohibitively expensive and there aren’t many being built any more.Read more:Millennials are ‘generation screwed’ on real estateMaking room for families in a vertical TorontoToronto needs more housing options to keep top talent“If they choose to stay in the city those are the odds — that they’ll raise their family very differently from how they were raised, just as I’m raising my family very differently from how I was raised,” she said, adding that it’s a good sign environmental footprints are shrinking.A recent TRBOT survey, on the housing preferences of would-be home buyers, shows how out-of-step with reality the perceptions of starter homes are, Keesmaat said.The research showed that 81 per cent of aspiring homeowners don’t want a condo and 69 per cent want a house with at least three bedrooms. But 83 per cent of housing units built between 2011 and 2016 in Toronto were midrise and highrise apartments.Aspiring homeowners may be coveting an outdated dream, because there aren’t enough examples of complete communities where families can live car-free and amenity rich, she said.The best schools and parks should be in the densest neighbourhoods. Condos should reconsider swimming pools in favour of gymnasiums, craft and media rooms for young and older children, she told the business group.Toronto’s problems are part of a global situatio ...


 
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