By Jessica Bell
Housing affordability crisis requires action
Housing prices are now so high that the National Bank of Canada calculates that only the top five percent of income earning households can afford to buy an average Canadian home. Housing affordability is one of the defining issues of our era, and it threatens the very soul of Toronto.
By Luca Tatulli
By Mike Layton
The city’s need for affordable housing has never been more apparent than over the course of the pandemic. The public seems to have taken notice. My colleagues and I have been working on this issue and asking for additional and substantial investments in housing for more than a decade. We believe that housing is a human right and we need the funding and policies in place to treat it as such.
By Mike Layton
Development in Toronto is continuing to boom. However, we are not building affordable housing at the same pace as we are luxury condominiums. Our waiting lists for affordable housing continue to grow and we are now above 100,000 names on the active waiting list. Last year we only managed to house people in 522 units, while 6,181 names were added to the list.
Tags: Annex · Columns · Opinion
By Mike Layton
Over the past five years, the City of Toronto could have built nearly 10,000 new affordable housing units, according to the former chief planner. How? By mandating affordable units in new developments.