Forget condos: Toronto real estate has a missing middle problem
The Toronto real estate market has a missing middle problem. According to Philip Kocev, a broker at iPro realty, the city needs more duplexes, triplexes and stacked townhouse complexes to fill the gap between a saturated high-rise condo market and the semis and detached homes selling at sky-high prices. He argues that existing land and homes could be utilized to build more capacity if the city amended bylaws and fees for modern needs. That could be an alternative to the Ford government’s steamroll tactics, using Municipal Zoning Orders to bypass the city and sell locations like the Foundry ...
Source: nowtoronto.com