Scaling Up Affordable Ownership Housing in the GTA

This paper demonstrates what needs to be done to produce ownership housing that is within reach of middle class households, millennials, new Canadians and those working to join the middle class. It argues that it is appropriate and possible for governments to support scaling up affordable ownership housing production – without the need for ongoing financial subsidies. This would complement efforts to create affordable rental housing. If 5% of the more than 200,000 middle-income renters (with and without children) in the GTA who pay less than 30% of their income on rent could move to ownership housing, this would free up 10,000 units of affordable rental apartments in the stagnant GTA rental market.