Finding a Place to Call Home in Toronto
11
Finding a place to call home in Toronto Residents’ Reference Panel November 5, 2011 Michael Shapcott Director, Housing and Innovation The Wellesley Institute
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This presentation offers insight on housing in Toronto. Michael Shapcott, Director of Housing and Innovation www.wellesleyinstitute.com Follow us on twitter @wellesleyWI
Transcript of Finding a Place to Call Home in Toronto
Finding a place to call home in Toronto
Residents’ Reference PanelNovember 5, 2011
Michael ShapcottDirector, Housing and InnovationThe Wellesley Institute
Remember remember the fifth of NovemberGunpowder, treason and plot.I see no reason why gunpowder, treasonShould ever be forgot...
Toronto’s history: Housing successes -
housing crises
Four big challenges:Affordability
SupplyStandardsSupports
Toronto in 2011: a divided city - in tenure, income
446,850 renters46% of total
Median income2008: $37,800
Income req’dAMR: $43,800
532,585 owners54% of total
Median income2008: $75,400
Income req’dcondo: $69,767
For renters, average market rents are outpacing renter household incomes
65000
70000
75000
80000
85000
30/03
/2010
30/06
/2010
30/09
/2009
30/12
/2009
30/03
/2010
30/06
/2010
30/09
/2010
30/12
/2010
30/03
/2011
30/06
/2011
30/09
/2011
TO affordable housing wait list: Up 22% since 2008
September 2011: 80,955 households on wait list; 282 housed - 24 year wait
TCHC plans to sell-off 700+
affordable homes
TO Council considers plan to kill
TO affordable housing office
Feds restrict access to mortgages
TO rental vacancy rate drops to 2.2%
TO avg market rents
jump to $1,041
5,532 vacant rental units in all of
Toronto
Toronto’s private rental
‘universe’ shrinks by 1,353 units
81% of TO housing stock
25 years or older
Toronto’s thousand high-rise towers
Preventing / ending
homelessness / housing first
Rapidly rising energy /
utility costs
Toronto Housing CharterIt is the policy of the City of Toronto that fair access to a full range of housing is fundamental to strengthening Toronto’s economy, its environmental efforts, and the health and social well-being of its residents and communities.
All residents should have a safe, secure, affordable and well-maintained home from which to realize their full potential.
All residents should be able to live in their neighbourhood of choice without discrimination.
All residents, regardless of whether they rent or own a home, or are homeless, have an equal stake and voice in Toronto’s future.
All residents have the right to equal treatment in housing without discrimination as provided by the Ontario Human Rights Code, and to be protected from discriminatory practices which limit their housing opportunities.
All housing in Toronto should be maintained and operated in a good and safe state of repair.
We need a plan, not a
dream
New supply Housing benefit
Inclusionary housing
Repairs Supportive
housing
Shelters / services
Thank you!
www.wellesleyinstitute.com
