Solving for Affordability
A high quality of life is no longer affordable in the GTHA. We must act now to form alliances & create holistic solutions to address issues of housing, healthcare, mobility, and income inequality.
How might we tackle affordability through both new approaches, as well as opportunities to share or scale existing initiatives/actions?
Resources:
54% of Canadians say they live paycheque to paycheque as the cost-of-living crisis continues to squeeze budgets.
(BDO Canada Affordability Index)
Unlock solutions to the GTHA’s affordability crisis
A Blueprint for Collaboration: Leveraging Coordination & Collaboration to Build More Affordable Housing
What realistic solutions exist to more effectively mobilize private, public, & non-profit actors to make housing more attainable and affordable?
Financial Mobility: Rethinking Access to Capital & Credit
How can we rethink economic pathways and financial systems to increase housing choices for more people in the GTHA?
Starting Local: Investing in Community-Centred & Transit-Oriented Living
How can we more consistently centre ‘community’ when it comes to both public and private investments in housing & transit? And where can we replicate or scale existing successes to other parts of the GTHA?
3M+
More than 3 million people in Canada aged 18+ are “credit invisible”, making it more difficult to access credit, housing, and they may pay higher interest rates. (Equifax, 2022)
3.5M
The Canada Mortgage and Housing Corporation (CMHC) estimates that Canada needs to build an additional 3.5M affordable housing units by 2030 to restore affordability – 1.85M of these in Ontario. (CMHC, June 23, 2022)