Thousands of young people are fleeing Toronto — economists say the city will suffer because of it
Thousands of young people are fleeing Toronto — economists say the city will suffer because of it
The affordability crisis is starting to trump job prospects for new graduates, experts say, which could hinder Toronto’s economic development.
Is that a problem?
The affordability crisis in the first half of the 20th century saw people leave their unaffordable homes for affordable places like Toronto. Their home regions unquestionably suffered for it, but Toronto was able to flourish because of it.
Maybe it's okay to see new places get their turn? After all, Toronto would just be a poduck town if such movement never happens. Did nothing good come of Toronto's massive growth?
You make a good point. With immigration, Canada's population will grow. Toronto cannot be the only city to which people move to.
But that's where most immigrants live!
"Fleeing" or forced out?
Article without paywall: http://archive.today/mdUQf
Apparently the "free market" can solve its own problems.
Make living in one place too expensive and people will leave, meaning those landlords (and others who are overcharging and excessivley profiteering) will suffer or be forced to lower prices.
.
Or maybe, an unregulated free market isn't the most effective way to run a society...
an unregulated free market isn’t the most effective way to run a society…
Perhaps that is true, but there is no market not regulated in Canada. And housing in particular is one of the most regulated markets around.
What is your intent for this hypothetical tangent that does not logically follow anything else found here?
I love my city of Toronto but as a young person I, too, moved out.
I'm hoping Olivia Chow will breathe life back into the city and make it livable for everyone.