Authored By Crystal Fung, Sahil Parikh, and Piotr Zulauf
Access the full 22 page report here: https://www.ryerson.ca/content/dam/social-innovation/Programs/Affordable_Housing_Visual_Systems_Map_Oxford.pdf
A Housing Crisis occurs when there is an extended and increasing scarcity of affordable housing and the housing supply falls far short of demand. Most major cities are experiencing this problem as strong economic growth has led to massive population growth and sky rocketing housing prices.
There are two competing characterizations of housing crises.
- The Crisis is solely the product of growth and is a supply shortage issue.
- The Crisis is a product of inequality fueled by growth, and is rooted in housing costs outpacing income growth by increasingly wider margins.
In this report, the authors introduce readers to the concept of the housing continuum and the housing crisis. They then deep dive into the pains suffered by Torontonians in an increasingly unaffordable rental market.