National Housing Week 2022
Affordable Housing in the GTA: Right Track? Wrong Track?
With quality of life and the region’s prosperity at stake, join ULI Toronto for a special five-part webinar series during National Housing Week that explores what most describe as a housing affordability crisis in the GTA: what is fuelling it, the impact of current efforts, and new ideas to truly and sustainably solve for it.
Canadian Housing Policy Report: ULI National Housing Week
Day 1: AFFORDABLE HOUSING CRISIS IN THE GTA: HOW DEEP IS IT?
That the Toronto region faces a severe and worsening crisis of housing affordability is not new, but this rapidly worsening crisis is taking on new urgency. Dominating two elections in 2022 and reaching the top of the federal agenda, ULI Toronto takes stock of the economics and politics of this crisis. On the eve of the anniversary of National Housing Day, are we on the right track or wrong track in delivering affordable housing, including market affordability and subsidized housing?
Day 2: SUPPLY, SUPPLY, SUPPLY: WILL TRICKLE DOWN DELIVER AFFORDABILITY?
The federal and provincial housing affordability strategies assume that by enabling massive new housing supply, we can achieve affordability in a competitive marketplace, albeit more for future home purchasers and tenants than those struggling now. Is it even possible to achieve the level of supply envisioned (1.5-2+ million new homes in the next decade), and if so, can a surge of supply deliver the housing affordability that our region needs?
Day 3: DEMAND SIDE: EXAMINING THE UNDERDISCUSSED SIDE OF SUPPLY AND DEMAND
Markets are defined by supply and demand, and yet the demand side of the housing affordability crisis in the GTA gets much less airtime. Myriad demand pressures and incentives are at play in our housing market. What are these pressures, and how is public policy at each level of government contributing to the region’s affordability challenges or solutions in both the ownership and rental markets?
Day 4: REALITY CHECK: HITS AND MISSES OF GOVERNMENT-SUPPORTED AFFORDABLE RENTAL HOUSING
We’ve had a decade of public policy and programs – from the National Housing Strategy to Inclusionary Zoning and Housing Now – aimed at delivering affordable rental housing units. How are we doing? How many units are delivered, under construction or in the pipeline in the region? How many are lost or ‘on pause’? What are the implications of Bill 23 (More Homes, Built Faster Act) on affordable rental?
Day 5: RIGHT TO ADEQUATE HOUSING IN CANADA: FAILING THE UNDER-HOUSED AND HOMELESS