This timeline provides an overview of some of the key housing issues faced by communities across Ontario and how governments have responded to these issues over the past 50 years, including a detailed look at how the pandemic has exacerbated existing issues. It shows that, as investments in affordable housing have dwindled, housing insecurity has grown – especially among the most vulnerable communities.
It doesn’t have to. But the CPC and LPC are setting low targets for production, so we shouldn’t expect many units to be built. On top of that, neither are suggesting tax changes to discourage the financialization of housing.
So it’ll take a long time to get out, because there’s little political will to change the current system.
This is the big one. You can build as many houses as you want and it won’t help regular people if investors keep buying them all up.
That’s why I’m intrigued by Carney proposing the build Canada homes company… Will be interesting to see since we did something like that during WW2 that saw the feds build the housing and set the price?
I agree that such tax reform (and other regulatory measures) is really needed.
But, if the units are purpose built for affordable housing (as proposed federally in https://liberal.ca/housing-plan/ , for instance), this should at least not fall into the investor problem, no?