Housing Supply Affordability Crisis

This is a Ontario news story, published by torontosun, that relates primarily to Confucious news.

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housing affordability crisis

torontosun

•

Business

Business & Economics

RESCON: Lots of talk but little action

Summary

Nutrition label

77% Informative

Housing industry is nowhere near reaching the number of homes that need to be built to ensure affordability.

A report done for the Ontario Home Builder’s Association found that 11 of 26 municipalities analyzed in Ontario were “completely unattainable” for middle-class households.

Young people in Ontario are spending more than 40 per cent of their monthly income on housing.

Chinese philosopher Confucious once said, “When it is obvious that the goals can not be reached, don’t adjust the goals, adjust the action steps.” It is time to modify our approach and up our game. Richard Lyall is president of the Residential Construction Council of Ontario (RESCON ). He has represented the building industry in Ontario since 1991 . Contact him at [email protected]..

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful