ULI Toronto: Affordable Housing in the GTA: Right Track? Wrong Track? — Day 1 How Deep Is It?
No issue has dominated the political and industry agenda more in recent years than housing costs and affordability, now ranked the top social/political issue among respondents to this year’s PwC/ULI Emerging Trends in Real Estate survey. From market affordable to deeply subsidized housing, the challenge to arrest spiraling home ownership costs and rent increases appears out of control. 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 fueling it, the impact of current efforts, and new ideas to truly and sustainably solve for 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?
Session Summary: No issue has dominated the political and industry agenda more in recent years than housing costs and affordability, now ranked the top social/political issue among respondents to this year’s PwC/ULI Emerging Trends in Real Estate survey. From market affordable to deeply subsidized housing, the challenge to arrest spiraling home ownership costs and rent increases appears out of control. 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 fueling it, the impact of current efforts, and new ideas to truly and sustainably solve for 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?