Toronto’s Sky-High Housing Prices Are Forcing Seniors Out Of Their Homes
Older residents are being squeezed out of the city’s most desirable neighbourhoods — and many find themselves with nowhere to go
“We don’t know if we can afford to live in this neighbourhood anymore,” says Barry Gilbeault. He’s talking about Yonge–Eglinton, in midtown Toronto, where real-estate prices are sky high — and getting higher.
“We thought we were going to pass away here,” adds Jim Goodwin, his long-time neighbour in the provincially designated “growth zone.”
Both will be evicted when their apartment building is demolished to make way for a new condominium. And they’re not alone: across Toronto, seniors are being squeezed out of the city’s most desirable neighbourhoods.
Development pressures in such communities have affect