Below is a link to an article in today’s Globe and Mail’s real estate section called “A speculation-free zone.”
The article shows how land trusts in Vancouver are combining the equity of co-ops and non-profits, along with land from municipalities at low-cost, to create the financing needed for new affordable housing.
As I show in my book, The New Urban Agenda, the lack of affordable housing in the GTHA has developed into a serious crisis. Thousands of families and individuals are suffering because they cannot afford good housing.
Government is reluctant to provide the needed funds. Maybe land trusts, equity from co-ops and some help from municipalities is the way to do it.