Toronto condo developer's take on housing demand in the GTA

A Toronto condominium builder says affordability remains a challenge, but there are diversity of housing needs and opportunities in the densely populated region around Canada’s largest city.

“The one thing about our condo market in the (Greater Toronto Area), in my mind, it's not one marketplace. It's made up of many sub-markets that have different needs,” Jim Ritchie, president and CEO of Tridel, told BNN Bloomberg on Tuesday.

Ritchie said Scarborough in east Toronto stands out as an area that he expects will see more high-rise condo development as new transit lines bring more people to the area.

“I think Scarborough is another area that we should be looking at, at least in terms of affordability into the marketplace,” he said.