As Toronto rents surge, why aren’t we building more apartments?

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Anyone who has tried to find a rental apartment in Toronto knows the heartbreak. The outrageous rents, the waiting lists, the hopes of finding a decent place at a decent price, only to discover it’s an uninhabitable dump.

There’s no question that it’s a landlord’s market. There’s big money to be made if you have a unit to rent out — and yet Toronto seems strangely reluctant to meet the skyrocketing demand by building more rental apartment buildings.