"Perhaps the answer to 21st century affordable neighbourhoods begins with celebrating affordable housing rather than hiding it."
Tag: Affordability
Interesting Analysis by Abacus Data: “The Housing Hardship: Low-income renters and Canada’s affordability crisis”
Abacus Data Analysis: housing crisis on low-income renters
Ontario Proposal: Changes to the definition of an “Affordable Residential Unit” in the Development Charges Act
The province is proposing amendments to the Development Charges Act, 1997, to redefine "Affordable Residential Unit". The change aims to base discounts and exemptions for these units from municipal development-related charges on local income and market prices. The consultation closes on October 28, 2023.
Affordable Housing Defined in Aurora
The Town of Aurora has made a public draft of its Official Plan, which includes details regarding affordable housing. The document is open for public review and commentary. A link to the draft is available on the town's engagement website and also on their Facebook post.
Affordable Aurora
Two luxurious properties in Vaughan and Aurora, listed at $14m and $15m respectively, are among the most expensive in Ontario's real estate market in September. The Aurora property, a five-bedroom, eight-bathroom detached home, has seen an asking price increase of over five times since its first listing in 2019.