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This presentation critically analyzes the relationship between housing and inequality. Michael Shapcott, Director of Housing and Innovation www.wellesleyinstitute.com Follow us on twitter @wellesleyWI
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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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