O’Toole, Singh, Trudeau miss the mark on affordable housing
Each of the three main candidates vying for prime minister in the next election have highlighted this: Canada needs more affordable housing. Each one has different ideas as to how to address this growing need, and each one suggests it is a complicated and complex process.
But here’s the good news that they don’t realize ─ developing more market-rate new apartments frees up older apartment buildings for affordable housing. It’s that simple.
Most politicians today were not in Ontario in 1975. They did not experience first-hand the far-reaching effects of rent control and public involvement in the rental housing industry.
Well-meaning politicians instituted backwards policies to try to ensure housing for all, but instead, they stunted development for more than 40 years, and created an even bigger housing crisis…. [Read More]