Toronto’s Millennials are calling for this kind of housing, fast. - CondoSavvy

Original article via BuzzBuzzHome.

Demand outpacing supply is often cited as one of the main reasons for Toronto’s sky-high real estate prices. Now, according to a new survey, Millennials are calling for greater density in the GTA.

A new survey by the Toronto Region Board of Trade has found that 83 per cent of GTA Millennials say that the cost of housing is making it difficult to save for retirement, while 65 per cent report that it made it hard to pay off debt.

The solution? A whopping 79 per cent of Millennials surveyed said that there weren’t enough two- and three-bedroom condos and apartments available in the GTA. Interestingly, 62 per cent surveyed said that there were already too many one bedroom condos on the market.

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