Inflation, supply chain issues, lack of affordable housing stock exacerbate homelessness, says policy paper
The availability and affordability of housing has reached a crisis point in the province, said the Ontario Chamber of Commerce.The chamber has released a policy paper, Home Stretched: Tackling Ontario's Housing Affordability Crisis Through Innovative Solutions and Partnerships, offering case studies and opportunities for a spectrum of profit and non-profit players to team up and find innovative ways to address housing affordability and supply.
Housing development has not kept up with the pace of demand, the chamber says, now toss in today's socio-economic pressures from inflation and supply chain challenges that contribute to the cost of construction. All have roles in this to develop an inclusive construction workforce, in championing affordable housing solutions, and promoting “complete communities, the chamber says.
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