The severe lack of housing options is hurting the prospects of many young Canadians.
From 2016 to 2021, more than one-quarter of city neighbourhoods lost more housing units than they added.
From 2013 to 2022, Canada’s population grew by 427,439 people annually yet only 196,872 housing units were completed annually.
Toronto plans to overhaul zoning and housing approvals by early this year.
In the 1970s roughly one home was built annually for every 1.2 new Ontarians compared to 2.4 new Ontarians in the most recent decade.
The best way to increase housing affordability is to build more homes.
The federal government plans to spend billions on “affordable” housing over the next several years.
Rather than decide how much parking residents should have, city hall should let residents decide for themselves.