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Housing Affordability In Toronto: Low-Income Earners And Recent Immigrants, Dipanjaly Barua Pinki

Major Papers

This paper analyses different phenomena, initiatives, and policies to determine whether they inhibit or promote affordable housing for recent immigrants in Toronto CMA, Ontario. New immigrants tend to live in the largest cities and thereby create extra demand for housing stock. Toronto does not currently have the capacity to supply affordable housing units for its domestic and immigrant populations. This is exacerbated by the fact that the provincial government has removed rent control for newly built or vacant housing units, a decision that encouraged developers and landlords to increase rents. The price determination through the process of supply and demand …