Housing costs and supply for low- and middle-income residents are reaching crisis levels in many cities

Toronto, ON – Global commercial real estate advisor, Avison Young, today releases the third story in its 2024 Drivers of Change series, focused on rising housing costs for renters and owners, supply shortages, and the urgent work ahead to improve the livability of cities.

Exploring the severe convergence of interest rates, rising rents, and shortage of attainable supply, two experts in housing policy and development share their outlook on solutions in two notably diverse markets; London and Toronto:

Nick Walkley, president of UK offices at Avison Young and previously Chief Executive of Homes England, the UK Government’s land, development, and housing investor.

Vic Gupta, Chief Executive of CreateTO, the City of Toronto’s land and real estate corporation.

About the Drivers of Change series
With the world in a perpetual state of flux, from rising interest rates to extreme weather, the series delves into topics and issues that are at the forefront of business, the economy, and commercial real estate – from housing, to supply chain trends, to Artificial Intelligence. Ten thought leadership pieces from Avison Young experts demonstrate how, without change, there is no growth, innovation, nor progress.

See the Drivers of Change series.

See the No Vacancy article