Cata-List
Home, Home, Out of Range
More than
49% of households in Toronto live in rental accommodation.
More than one-quarter of Toronto’s rental stock is in need of minor repairs,
and more than one in 10 is in need major repairs.
At $45 million, Canada’s most expensive house, in Oakville, Ontario, has
32,000 square feet, a 20-seat home theatre and 17 bathrooms.
The world’s most expensive house, in Montana, USA, is $155 million (private
ski slope included.)
71,000 households are now on the municipal waiting list for affordable
social housing.
Approximately
8,000 new condos will go on sale in Toronto this fall. In contrast, only
1,465 new affordable units were completed between 2000 and 2006.
70% of households living in newer developments in Toronto earn more than
$60,000 per year.
An average
household on social assistance earns approximately $14,000.
The average Toronto condo is approximately 600 square feet, with starter
one-bedrooms often running at 460 square feet. In the 1980s when the concept
of “condo” first emerged, a lowly bachelor unit was 650 square feet.
84% of newer dwellings in Toronto’s downtown are occupied by singles or
couples without children. Only 4% of the homes built in Toronto’s core since
2001 have children under the age of 19.
Sources: Income Security Advocacy Centre, Toronto City Summit Alliance, City of Toronto -Housing and Homelessness Report Card 2003, Toronto Star, Iris Li - Remax for Torontocondo, City News, Edgemere Estate - Canada's Most Expensive House byDeidre Woollard, Charles Laurie Hanes
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