Priced OutUnderstanding the factors affecting home prices in the GTA

Publication - Dec. 2, 2013 - By Cherise Burda

Royal Bank of Canada and the Pembina Institute’s Home Location Study released last year found that over 80 per cent of Greater Toronto Area residents would give up a large home and yard to live in a “location-efficient” neighbourhood that is transit-friendly, walkable and offers shorter commute times. However, more than 70 per cent of residents in the GTA live where they do because of affordability rather than preference.

Priced Out is a follow-up study researched and written by the Pembina Institute, co-published by RBC, that explores the factors contributing to rising home prices in the GTA, and how homebuyers are being “priced out” of location-efficient options.

Full report | Media release | Brief policy supplement

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