Affluent Boomers Are Taking Pressure From ‘YIMBY' Groups In The GTA

During the recent Ontario Housing Summit the main focus was on millennials and home ownership, and the consensus of the Summit was that there is a need for more affordable housing supply.

Some of the points that were made are:

• Boomers are restricting access to prime property
• Boomers would like to move out, but don't see any suitable alternatives in their area
  • Trade down houses (townhomes, midrise condos, duplexes) are not zoned in desired area
• "Missing middle" or those defined as trade down houses for boomers, starter homes for millennials, are not available
• NIMBYs, "not in my backyard" homeowners oppose development of such buildings in single-family home neighbourhoods