The real estate crisis beyond housing: Canada’s economy lacks land for industrial use

Giles Gherson is the president and chief executive officer of the Toronto Region Board of Trade.

The Toronto region stands at the edge of two crises. The first is well understood and visible. We are grappling with a rapidly growing population and nowhere near enough homes. The second crisis is not so pronounced but no less a threat: Toronto faces a dire shortage of suitable space for business growth, particularly for manufacturing, logistics and other critical industries.