Toronto’s worrying housing crisis presents several challenges for graduates

Recent reports from Statistics Canada show that over 37,000 people moved out of the Ontario region between April and July this year. These alarming numbers can be attributed to Canada’s housing market and rising house prices, making it difficult for Ontarians to find a permanent home.

More specifically, British Columbia has attracted over 85,000 residents from Ontario, 16,849 from Quebec and 16,496 from Alberta.

Therefore, many Canadians in Ontario are moving to maritime provinces, not only because of the lower housing prices, but also to avoid large crowds like those found in the Greater Toronto Area (GTA). Ontario currently has a population of 14 million, with approximately three million residing in Toronto.

With a fast-paced city and a growing number of crowds, many are looking for a calmer lifestyle, leading to the increase in relocation.

Since the Covid-19 pandemic, teleworking has become a common practice for both workers and students. This is one of the many factors that have caused the move to smaller cities for several individuals.

A 2021 U of T study by Dalla Lana Public Health suggests Toronto needs to take a closer look at a more sustainable housing framework. This study underscores the importance of sustainability and at the same time argues that affordable housing is crucial to tackling the Toronto climate crisis.

With U of T’s virtual convocation ceremony last week, more than 5,700 students have received their degrees – raising concerns about the future of graduates. Many students have revealed that they want to live in their current home with their families, as buying or renting a home can be a huge financial burden for them.

The School of Cities at U of T has taken a major initiative to launch their Affordable Housing Project to help graduates and students find affordable housing. The project looks at ways to promote sustainable housing and how to help graduates thrive in the midst of a worrying housing crisis.

The organization hosted a panel discussion earlier last week on November 17 called Implications of Covid-19: Delivering Affordable Housing in a Post-Pandemic World, where panelists highlighted the growing problem of affordability within GTA.

This discussion will be posted on their YouTube channel, School of Cities, for anyone seeking additional support and insight.

U of T also offers housing benefit to those who cannot find temporary housing. More information can be found on U of T’s Student Life website with numbers for calls and specific services for different needs.

In a post-pandemic world, it will continue to be a challenge to search for a residential area for many, especially first-time home buyers living in GTA. The U of T will continue to provide numerous funds to support graduates, not only in finding a career, but also a home.

Razia is currently completing a specialist in molecular biology with a minor in chemistry and statistics. She started writing for The medium as a news writer over a year ago and used this opportunity as a way to challenge himself and step out of his comfort zone. In her spare time, she enjoys hiking, painting, photography and is a music enthusiast. She’s also a giant Potterhead (anyone in Ravenclaw ?!). For any questions you can contact her via LinkedIn.

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