December 28, 2018
The Progressive Conservative government is asking the city for suggestions on how to lower home prices and rents and increase the housing supply, but there’s no mention of a growing crisis in affordable and social housing, Coun. Stephen Turner said Friday.
In London 3,700 families are on a waiting list for social or geared-to-income homes, which also need $230 million in upgrades.
“We met with MPPs on this and the implication was there is not enough high-end housing,” said Turner, adding the government suggests lowering rents across all markets will result in lower rents for the poor.
“They were proposing trickle-down housing economics. It was absurd.”