Can The Market Provide Affordable Housing?

Brendan Whitsitt of Imprint Development argues that housing affordability ultimately depends on keeping most households served by the market, since subsidies only work when directed at a narrow share of the population, and he warns that in markets like Ontario—where policy constraints have pushed many households out of reach—subsidies risk becoming ineffective, a backdrop now reflected in the wave of recapitalisations, forbearance deals and receiverships facing overleveraged housing projects.

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