commute time vs.

dream home
PART 3 of the Board's latest series on Young Professionals insights on the regions housing market

31% rely on private vehicles for

daily travel to work, school
or other regular activities
42
minutes
If unable to purchase
their ideal home

44% 25% 65%

of young professionals would either
rent or purchase a less ideal home
TRANSIT (TTC & GO) ACTIVE TRANSPORTATION in order to be closer to work.
(walking & cycling)

AVERAGE
ONE-WAY
COMMUTE TIME
37
minutes
77%
would consider living further away
if they had better access to public transit.

21
minutes How YPs ranked the importance of factors in choosing where to live
Commute Proximity to Cost of Access to Living in a Proximity to Proximity to Proximity to
to work amenities living higher order community I schools entertainment affordable
transit identify with childcare
76% 59% 53%
14 23 10 15
32 19 9 3 2 1
22 15
18 8 4 2 0
27 24 15 7 7 3
16 1ST PRIORITY 2ND PRIORITY 3RD PRIORITY

WHO # OF BETWEEN LIVING $ Ages This represents

our regions
TOOK INDIVIDUALS THE AGES OF IN THE
90% work full time, 44% have a graduate degree 21% earn > $150K, 8% 18-24 83% do not
top young earners
OUR 803 18-39 GTHA 2% part-time,
5% are students
43% have a university degree
12% have some
19% earn $100K-$150K
14% earn $80K-$100K;
17% earn $60K-$80K;
32% 25-29
35% 30-34
have children
at home, but
75% plan on
If they cant afford to buy a home
in Toronto, who can? And, what does

SURVEY (3% other) post-secondary education;

1% have high school or less
17% earn $40k-$60k;
6% earn < $40k;
5% preferred not to answer
25% 35-39 having children
in the future
this mean for our Regions ability to
attract & retain talent?

The Toronto Region Board of Trade acts as a catalyst for, and with, the Toronto region business Community. Torontos housing affordability
crisis stands to significantly impact our ability to attract and retain top talentin all industries and sectors. This is a supply issue. We need
to build more homes in Toronto; homes of the right size, in the right place, to ensure we have access to the talent our dynamic job market
requires. The Board is focused on the needs of young professionals, particularly those building families. This is the first of many initiatives
the Board is involved in. Stay connected by visiting bot.com and following us on Twitter (@TorontoRBOT) and LinkedIn.