Housing andinequality Michael Shapcott The Wellesley Institute economicinequality.ca June 26, 2012
Typical two-bedroom apt:$44,920 household income Entry level condominium:$70,600 household income 20% of h/hs <$18,000 50% of h/hs <$41,000
Toronto affordable housing wait list 8 21385000 8800007500070000 6379 16500060000 2004 2005 2006 2007 2008 2009 2010 2011 January 2012 – 82,610 February 2012 – 82,756 March 2012 – 83,681 April 2012 – 84,075 May 2012 – 85,088
For renters, average market rents are outpacing renter household incomes Housing benefit Rent regulation L/L subsidies / credits Inclusionary housing RGI subsidies Co-op / NP housing Social finance Housing rights for all
Cuts to federal housinginvestments…
When the feds cut a dollar in housinginvestments… …Ontario cuts a dollar (or more)
Don Drummond Recommendation 19-14: Ontario should negotiate with federal government to commit to housingframework for Canada that includes adequate, stable, long-term federal funding and encourages housingpartners and stakeholders, including municipal governments, to work with federal government to secure this commitment. Municipal Infrastructure About 40 per cent of public infrastructure in Ontario is owned by the province’s 444 municipalities. Assets include roads and bridges, water and wastewater infrastructure, transit systems, affordable/social housing, solid waste facilities, public buildings, Conservation Authority infrastructure, and land... Municipalities are responsible for maintaining their infrastructure... The province also has an ongoing obligation to help ensure the safety and sustainability of municipal infrastructure.