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Toronto Community Housing Corporation (TCHC) is a public housing agency in Toronto, Ontario. It is the largest social housing provider in Canada with over 58,000 units across 2,100 buildings and approximately 105,000 residents. [1] It is the second-largest housing provider in North America, behind the New York City Housing Authority. [2]
Vancouver had the least affordable housing market in Canada by 1980; the average home cost 5.7 times the average family income. [h] [161]: 16–17 O' Toole calculated that given the high interest rates in 1980, "an average family would have to devote more than 70 percent of its income to pay off a mortgage on an average home in 30 years."
The amendment included a residential building code. In the event that a home owner or occupier failed to meet these standards set by this code, the municipality would be granted permission to expropriate the property. [8] In Vancouver, Moncton, Halifax, Toronto, Ottawa, and Montreal large slum areas for cleared for the purpose of urban renewal. [8]
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Persons not in an Economic Family 2021 [7] Median Income, Economic Families 2021 [8] Wood Buffalo: 182000 175450 Oshawa: 102000 106460 Calgary: 100000 109520 88100 128800 Ottawa-Gatineau: 98000 117820 91500 127200 Guelph: 97000 109020 Barrie: 97000 100700 Toronto: 97000 96700 86800 118700 Edmonton: 96000 107450 88600 124900 Kitchener-Cambridge ...
In the United States [21] and Canada, [22] a commonly accepted guideline for housing affordability is a housing cost, including utilities, that does not exceed 30% of a household's gross income. [23] Some definitions include maintenance costs as part of housing costs. [24] Canada, for example, switched to a 25% rule from a 20% rule in the 1950s.
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