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Federal Election Issue: Housing


ISSUE

  • Housing in London is less affordable than ever, and our community housing supply needs very significant maintenance and repairs.

BACKGROUND

  • The City of London’s Housing Division maintains a total of 8,066 community housing units across 118 buildings throughout the London and Middlesex.
  • The state of housing affordability in London continues to put greater pressure on the supply of community housing.
  • The majority of the City’s housing stock the City was built around the same time in the 1950’s and 1960’s, and many building systems need replacing.
  • London’s community housing stock will require hundreds of millions of dollars in maintenance and repairs over the next ten years.
  • Home prices and rental costs continue to rise faster than incomes, putting stress on families trying to make ends meet. Cities are making the most of limited tools, but lasting change isn’t possible without federal leadership.
  • The federal government needs to make immediate investments to keep existing affordable units online through maintenance and repairs, while also addressing the supply gap by building new units.
  • It’s not only low-income Londoners who are feeling the pressure of increased housing costs. The federal government needs to work directly with the City of London to address housing affordability across the housing spectrum.

QUESTION

  • If elected, how would you and your party address the urgent need for affordable housing in London, and make housing more affordable for all Londoners?

 

 

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