How Toronto’s Mayoral Candidates Plan to Address the Housing Crisis
Yet another municipal election is nigh. In my new piece for The Local, I analyze six top mayoral candidates’ housing platforms, which range from ¯\_(ツ)_/¯ to an ambitious return to the days of government-built mixed-income social housing on a large scale.
Just the numbers (this table is in the article, too):
| Saunders | Bradford | Bailão | Chow | Hunter | Matlow | |
|---|---|---|---|---|---|---|
| Total cost | Unspecified | Unspecified | $49M | $404M | $1B | $407M |
| Source | Not taxes | Not taxes | City Building Fund (existing) | City Building Fund increase | Property tax increase, reserve funds | Cancelling Gardiner East, freezing police bucget |
| Units | Unspecified | At least 16,000 (as in original Housing Now plan) | HousingTO targets, provincial mandate of 285,000 | 10,000–25,000 | 22,700 | 15,000 |
| Affordability | At least some units in developments on city-owned land | 33% of housing on under-utilized city-owned land, 20% in office conversions | 40,000 affordable rentals and 4,000 affordable ownership by 2030 | At least 7,500 at 80% AMR, 2,500 at 30% AMR | 5,660 at AMR, 3,468 at 80% AMR, 2,108 at 40% AMR, 6,135 affordable ownership | 45% affordable rental (30% at AMR, 10% at 80% AMR, 5% rent geared to income, or at 30-40% AMR); subject to consultations |