Comment
The new formula to determine housing affordability worries me
The average person (taxpayer) will not be able to calculate it. Even if you can getting the information it is daunting. It appears to me that it's main purpose is to obscure, and while doing that raise the threshold of what is affordable. I noticed that the formula takes regional incomes into account but so does the current formula as wages vary by location. If the truth is inconvenient hide it and change the parameters so it is difficult to prove.
Submitted October 28, 2023 12:23 PM
Comment on
Changes to the definition of an “Affordable Residential Unit” in the Development Charges Act, 1997 for the purpose of municipal development-related charge discounts and exemptions
ERO number
019-7669
Comment ID
93942
Commenting on behalf of
Comment status