As housing (un)affordability continues to plague Canada’s big cities, some would-be city dwellers are looking to the suburbs to meet the budget. Using a hypothetical Toronto couple as its basis, number-crunching suggests little long-term savings.
“There’s no refuge in the suburbs from Canada’s housing affordability problem,” writes Rob Carrick.
“You can buy a house for less money in the suburbs than you can in a big city,” he continues, “but the cost of commuting may kill almost all your savings."
"No question, you’ll find house prices are cheaper outside big cities. Toronto Real Estate Board numbers suggest a spread of almost $250,000 between city homes and those in the neighbouring suburbs. But as shown in a spreadsheet created by [David Hughes with the Mortgage Group Ontario Inc.], suburban living loses its cost advantage if you have two adults commuting by car each day. Add the effect of stress and time spent in gridlock, and suburbia looks even more costly."
FULL STORY: Think living in suburbia's cheaper? Think again
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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The Tiny, Adorable $7,000 Car Turning Japan Onto EVs
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Map: Where Senate Republicans Want to Sell Your Public Lands
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San Diego Votes to Rein in “Towering” ADUs
City council voted to limit the number of units in accessory buildings to six — after confronting backyard developments of up to 100 units behind a single family home.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
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