Environics Research Survey For Toronto Region Board Of Trade

Environics Research Survey For Toronto Region Board Of Trade This is part 2 of a 3 part release on Young Professional in Toronto. View part 1 View part 3 TORONTO, ON— As Toronto’s young professionals (YPs) look to grow their families, a lack of appropriate housing to meet their needs is becoming a concern, according...

Environics Research Survey For Toronto Region Board Of Trade

This is part 2 of a 3 part release on Young Professional in Toronto.

View part 1

View part 3

TORONTO, ON—

As Toronto’s young professionals (YPs) look to grow their families, a lack of appropriate housing to meet their needs is becoming a concern, according to the second part of a survey on YP perceptions of the housing market released today by the Toronto Region Board of Trade. With 74 per cent of respondents saying they support measures to increase residential density, YPs overwhelmingly agree not in my backyard is no longer an option.

Key survey findings include:

87 per cent of density supporters believe it should be increased in all areas of the City of Toronto
84 per cent support laneway homes in the GTA with 60 per cent saying they would be interested in living in one

An infographic displaying the survey results is available for download on

bot.com

.

Of the more than 800 YPs between the ages of 18 and 39 in the Toronto region who responded to the survey:

79 per cent believe there are not enough 3+ bedroom condos and apartments
62 per cent believe there are not enough townhouses
57 per cent believe there are not enough duplexes and triplexes
53 per cent believe there are not enough detached homes
49 per cent believe there are not enough 2-bedroom condos and apartments
Only 15 per cent believe there are not enough 1-bedroom condos and apartments, while 62 per cent believe there are too many

YPs overwhelmingly agree

not in my backyard

is no longer an option

This survey was conducted by Environics Research Group for the

Toronto Region Board of Trade

and sponsored by

Options for Homes

and the

Toronto Real Estate Board

. Last week the Board

published the first

in a series of three results focused on Toronto region YPs’ insights into the regions housing market with a particular lens on YPs’ concerns that at today’s prices & rents, housing is coming at the expense of their ability to repay debt and save for retirement. The survey is a follow-up to the results from Environics’ bi-annual

Focus GTA

survey asking 387 YPs in the GTA about their aspirations of home ownership.