Half (47%) of Torontonians agree that “nowadays in Toronto, owning and living in a condo is as good as owning and living in a house”. This view is held equally by those who either rent (48%) or own (48%) their own residence and was highest rated in old city of Toronto/downtown at 51% followed by those in York/East York at 48%, Etobicoke at 47% North York at 46% and Scarborough at 42%
In the alternate, 53% disagree with this point of view but with no appreciative differences when it comes to demographics. Across the city though this view is highest and Scarborough at 58% followed by those in North York at 54%, Etobicoke at 53%, York/East York at 52% and Old City of Toronto/Downtown at 49%.
Four in 10 (39%) Torontonians know people, including themselves, who will lose their condo or house if interest rates keep rising. Those most likely to have this view are women (46%), those aged 18 – 34 (54%), those who rent (47%) versus owners (35%), have some post secondary education (44%) and are employed (44%). Geographically, this is highest in North York at 45% followed by those in Scarborough and Etobicoke at 42%, York/East York at 38% and the Old City of Toronto/Downtown at 30%.