If the Toronto region is going to attract and retain top talent, the province needs to fix the area’s housing shortage, in part by revising its recently expanded rent controls, says the Toronto Region Board of Trade. A survey by the business group last year shows 42 per cent of young professionals would consider leaving the region because of the high cost of housing. That has prompted the board to publish a Housing Policy Playbook in advance of the June provincial election with five recommendations for how the next government should tackle the housing crunch. It’s about creating a sufficient supply of housing for our community,” said board CEO Jan De Silva. Article Continued BelowIf high-earning young professionals are struggling, the implications are dire for lower-paid workers, whose contributions are also needed, added De Silva.

Source: thestar February 20, 2018 09:56 UTC