The Local: How Toronto’s Mayoral Candidates Plan to Address the Housing Crisis

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):

AMR = Average Market Rent. In 2023, AMR in Toronto is $1,538 for a one-bedroom and $1,811 for a two-bedroom unit.
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

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