As Ontario's election campaign heats up, affordable housing is at the forefront of voters' concerns. Heather Caswell, a Toronto resident, highlights the struggles of those feeling "locked in" by steep market prices. Despite promises made by political leaders to address the issue, actual progress on housing construction has faltered since 2022. Factors such as interest rate hikes and pandemic-related supply chain issues have exacerbated the situation, with many feeling discontent with current leadership, as both political rivals criticize the government's handling of housing challenges.
"For us, it would be a massive, massive jump in costs. I have friends who just rented for over $3,000 a month for a one-bedroom," Caswell said.
"Hundreds of readers have told CBC News that housing is their number one ballot box issue. The same was true during the last provincial election in 2022."
"Aggressive interest rate hikes combined with supply chain shocks from the COVID-19 pandemic vastly increased the costs of financing and building developments."
"The target was the first recommendation made by Ontario's housing affordability task force earlier that same year."
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