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In addition, the province of Ontario's Fair Housing Plan set in place stricter rent controls and 16 measures to help combat the growth of the real estate market . [34] These remedies coincided with a slight dip in housing prices in 2017 [35] which some believed was the beginning of a housing crash. [36]
The definitions of 'affordability' and 'affordable housing in Canada' are varied depending on whether the term is used by banks and mortgage providers, real estate agencies in regards to market-based issues, consumers who may or may not be left out to the market, and advocacy organizations supporting the under-housed and unhoused populations. [10]
Public housing residents are much more likely than non-residents to suffer from physical and mental illnesses. [6] A study of the Downtown East Side in Vancouver revealed that 18.4% and 17.3% of residents had HIV and Hepatitis, respectively. [6] The mortality rate among Downtown Estate residents surpassed the provincial average by 5 times. [6]
On April 20, 2017, Premier of Ontario Kathleen Wynne, along with Chris Ballard, Minister of Housing, announced the Fair Housing Plan. The plan includes a provision to roll-back the post-1991 rent control exemption such that all private rental units, including ones built or first occupied on or after November 1, 1991 will be subject to rent control.
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
Toronto Housing Company was a product of a 1999 merger between the Metropolitan Toronto Housing Company Ltd. and the City of Toronto Non-Profit Housing Corporation (also known as Cityhome). [8] Cityhome was established in 1974 to provide affordable rental accommodation for low-income families. TCHC took charge of administering all public ...