ULI Toronto: Affordable Housing in the GTA: Right Track? Wrong Track? — Day 2 Supply, Supply, Supply: Will Trickle Down Deliver Affordability?
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. 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?
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. 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?