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.
