It’s been close to a year since we co-authored our report with the Institute on Municipal Finance and Governance (IMFG) at the University of Toronto on Affordable Housing in Ontario: Mobilizing Private Capital in an Era of Public Constraint.
Reflecting back, we’re definitely no where closer to any strategy on this file than when we set out to write and host our event with Doris Koo from Enterprise Community Partners. Fully understanding that public policy take years to implement, we unfortunately have yet to see any action on even beginning to discuss the points we raised and it doesn’t look like much is forthcoming. And things seem to be getting worse. In January 2014, it was reported that Toronto’s unemployment is second highest among large Canadian cities, housing prices continue to climb and we’ve had a very distracting year at City Hall to say the least. Meanwhile, the younger generation feels squeezed and we’re heading into an election year where the biggest provincial issue is likely going to be taxation for transit.
Is relief on the horizon? I continue to hold out hope and surprises are possible but I fear this will continue to be an issue we kick down the road.