Housing and Inequality

Michael ShapcottThe Wellesley Instituteeconomicinequality.ca

June 26, 2012

Housing and

inequality

Inequality and private

housing markets: market

housing costs are

increasingly out of reach for

low, moderate, middle-

income households

Inequality and private

housing markets: market

housing costs are

increasingly out of reach for

low, moderate, middle-

income households

95% of Canadians live in homes in private ownership / rental markets

95% of Canadians live in homes in private ownership / rental markets

Typical two-bedroom apt:$44,920 household income

Entry level condominium:$70,600 household income

20% of h/hs <$18,00050% of h/hs <$41,000

Toronto affordable housing wait list

January 2012 – 82,610February 2012 – 82,756

March 2012 – 83,681April 2012 – 84,075May 2012 – 85,088

For renters, average market rents are outpacing renter household incomes

Housing benefitRent regulation

L/L subsidies / creditsInclusionary housing

RGI subsidiesCo-op / NP housing

Social financeHousing rights for all

Cuts to federal housing

investments…

When the feds cut a dollar in

housing investments…

…Ontario cuts a

dollar (or more)

Recommendation 19-14: Ontario should negotiate with federal

government to commit to housing framework for Canada that includes adequate, stable, long-term federal

funding and encourages housing partners 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.

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http://www.caeh.ca/

http://www.inclusionaryhousing.ca/

Thank you!

www.wellesleyinstitute.com