Canayjun5d ago

Toronto's unhoused population more than doubled in three years, reaching an estimated 15,400 last fall, according to a new city survey that calls the numbers a "crisis." #homelessness #housing #onpoli #cdnpoli via CBC

https://www.cbc.ca/news/canada/toronto/street-needs-assessment-homeless-population-toronto-1.7580073

Toronto's unhoused population more than doubled in 3 years, new city survey finds | CBC News

Toronto's unhoused population more than doubled in three years, reaching an estimated 15,400 last fall, according to a new city survey that calls the numbers a "crisis."

CBC
Show threadGordon J Holtslander
@canayjun Canada's housing problem needs to be seen as a wealth problem, rather than a poverty problem. "in 2023, rents increased by 8% while wages grew only 5%. At the same time, the real estate sector collected $50.4 billion in profits in 2023, 40% higher than its pre-pandemic record." The more unaffordable housing becomes, the more profitable it becomes, making it even less affordable. Canada's tax policy subsidizes this
#cdnpoli https://www.taxfairness.ca/en/resources/reports/how-tax-breaks-are-worsening-canadas-housing-affordability-crisis
How tax breaks are worsening Canada’s housing affordability crisis | Canadians for Tax Fairness

Introduction

Jul 18 at 12:22amWeb
Show threadGordon J Holtslander5d ago
@canayjun Income gap reaches record high as wages decline for lowest income households
https://www150.statcan.gc.ca/n1/daily-quotidien/250716/dq250716a-eng.htm
The Daily — Distributions of household economic accounts for income, consumption, saving and wealth of Canadian households, first quarter 2025

The income gap reached a record high in the first quarter; the highest income households gained from investments, while the lowest income households' wages declined. Lower borrowing costs and easing inflationary pressures facilitated household saving and debt management, while declining real estate values weighed on the average wealth of younger age groups and the least wealthy.

Show threadGordon J Holtslander5d ago
@canayjun It's not Canada's poor that are causing the problem, its Canada's wealthiest, the poor are its victims.
Show threadCanayjun4d ago
@pinhman agreed Gordon. 👊
Show threadGordon J Holtslander4d ago
@canayjun Canada’s housing serves the privileged, if your income doesn’t support making a banker or landlord wealthier, it has nothing for you.
Show threadGordon J Holtslander4d ago

@canayjun Vienna funfs its highly successful housing with tax, allowing ordinary people to live and prosper without the heavy financial burden Canadians face. The un-asked question is whether Canadians would support a tax that challenges the housing inequity so many face. https://www.cbc.ca/news/world/europe-social-housing-models-1.7565611

https://socialhousing.wien/policy/legal-framework-conditions Legal framework conditions - Socialhousing

Austria took the stigma out of social housing. Here's what Canada could learn | CBC News

While Europe struggles with similar trends to Canada of rising rents and skyrocketing home prices, experts say social housing models like Austria’s are among the best defence against a growing affordability crisis.

CBC