'A crisis point': Ontario urged to build wide range of housing types and to keep workers coming — via financialpost
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In the policy brief released July 5, the Ontario Chamber of Commerce said it is critical to build the right types and mix of housing, including purpose-built rentals, missing middle, student, non-profit, cooperative and supportive housing.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The report said governments and industry are not aligned on the definition of “affordable housing,” which is generally considered to cost less than 30 per cent of household income before tax. In an interview, Ontario Chamber of Commerce chief executive Rocco Rossi said the issue of affordability depends on where the individual lives, whether they’re making a six-figure salary and whether they are a recent immigrant or a student. He said people will have different definitions of affordability, and policy needs to reflect this.
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