Affordable housing is no longer just a low-income issue. Homeownership in our communities is increasingly out of reach for all but the top income earners or those with generational wealth. For many Canadians, the cost of living has become unsustainable, with the average home price in the GTA reaching $1.1 million. Canada needs to build an additional 3.5 million homes by the end of the decade, and Habitat HMD is committed to being a vital part of that solution. We are dedicated to creating more homes and advocating for improved affordability for families like yours.
To meet this challenge, we are focused on scaling up our housing output through three main strategies: