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<\/a><\/p>\nPhoto: James Bombales<\/em><\/p>\n Yesterday, a new poll from the Angus Reid Institute found that 38 per cent of Toronto homeowners are seriously considering moving out of the city, as housing affordability continues to deteriorate.<\/p>\n Another group likely to move? So-called \u201creverse-commuters\u201d \u2014 residents who live downtown, but travel into the GTA for work. <\/p>\n According to Statistics Canada, 11 per cent of downtown Toronto residents leave the city limits for work, a number that jumps to 27 per cent near the city\u2019s waterfront. Data from Metrolinx has found that the number of commuter trips out of the city has risen from 16 to 25 per cent over the past 30 years. <\/p>\n\n Are these residents more likely to leave the downtown for more affordable options elsewhere? According to Zoocasa managing editor Penelope Graham, there\u2019s a pretty clear case to be made for it.<\/p>\n \u201cWe can’t really say definitively if these particular homeowners are likely to move out of the city, but persistently high condo prices in the city core could motivate current homeowners to cash in and put their equity towards larger properties that are closer to their place of work,\u201d she tells Livabl.<\/p>\n Graham says that findings from Zoocasa\u2019s Housing Trends Survey, released earlier this year, shine some light on the situation. <\/p>\n \u201cOut of aspiring buyers, 36 per cent said that commute time to work was \u2018very important\u2019, 26 per cent indicated \u2018important,\u2019 while 20 per cent indicated \u2018somewhat important,\u2019\u201d she shares. \u201cOnly 18 per cent indicated commute time was \u2018not important at all\u2019.\u201d<\/p>\n She also notes that 55 per cent of respondents indicated that their next home purchase would be a larger property, which could mean that they would be looking at more spacious suburban options. <\/p>\n That\u2019s a trend that Fox Marin Associates broker of record Ralph Fox sees when working with first time buyers.<\/p>\n