Question

Investigate the housing crisis in Toronto over the past decade. Toronto Housing Causes Investigate Toronto Housing Causes and Impact Crisis. How to solve it? Visual Aids Graphics: charts, tables, graphs

Answer 1

The housing Toronto Crises are particularly due to the lack of housing infrastructure, the resultant impact due to the homeless and vulnerable residents' issues and facing persistently the lower-income tenants along with experiencing the facing high rents. The crises were also due to the low vacancy rates which were at one percent, which was the lowest recorded in the last 16 years. There was also the high cost faced with the homeownership within Toronto.

From the below graph, as observed as there are high rental rates and the population is also exploding. It has resulted in the crisis time of facing a high per square rental and over some time, there is a high rental charged for the limited space. The population is rising and the per rental square feet of the given area are also growing.

Source (Nuan, 2017)

To solve it

It is important to create the affordable housing trusts.-: these are the types of the housing trust funds which has been subsequently being established and also helped in the ongoing along with channelizing the public funding sources, it has also helped to create the low-income housing developments which can be observed in the state and cities.

To have the Fund via Bond Elections, which can be substantially be funded rather than through the unstable bonds.

To offer the higher incentives along with experiencing the Tax Breaks which can create a supportive environment and better command over the resources.

To create relaxed zoning and also focus on the developing rules that can help to create a better command control over the rental charges.

To engage Big Tech (and Big Businesses) which can help to expand within the economy. It can help to create a better image by investing and making more houses infrastructure.

Revitalize Neighborhoods, such as the far distanced areas that can help to convert the large areas into the better-distanced places.

As observed from the below the house rent price ratio is the 195.9 annualized rental cost. in comparison to other countries such as Europe and Sweden.

Source (Nuan, 2017)