…the business sectors are calling for proper investments. In July, Don Drummond, Chief Economist of the TD Bank, estimated in a major new research report that the City of Toronto’s structural deficit was between $700 million and $1.1 billion. “The City’s structural deficit acts as a financial straightjacket, limiting its…
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Federal throne speech Tuesday: Three questions…
The Speech from the Throne, which will be read on Tuesday, October 16, sets the key objectives for the federal government in the next session of Parliament. The throne speech, along with the budget (which is usually released in February), are the two most important annual policy statements of the…
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Housing And The 2007 Ontario Election
Ontario’s affordable housing crisis remains deep and persistent. More than 600,000 households (that’s more than 1.5 million women, men and children) are in core housing need1, and many more are directly affected by a shortage of homes and high housing prices. The affordable housing crisis affects the personal health of…
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Ontario Throne Speech and housing
…eluded the Ontario government in recent years. The Ontario government invested $29.8 million on affordable housing in fiscal 2005, cutting back to $18 million in fiscal 2006, before ramping back up to $29.9 million in fiscal 2007, according to Spending Estimates from the Ministry of Finance. In 2005, the Ontario…
Toronto’s 2008 Municipal Budget Needs To "Seed" 10-Year Housing Strategy
A look at Toronto’s 2008 operating budget, its 10-year housing strategy, and the need to reverse urban development trends. …
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Government programs penalize Ontario's poor
Social programs in Ontario are supposed to help lower-income people in practical ways – with decent-paying jobs, housing, medical help and other necessities. A powerful new research report from social policy expert John Stapleton called “Why is it so tough to get ahead” provides a strong indictment of social programs….
Remembering the victims of the Rupert fire
…of dollars in new homes and services and finished the project on time and under budget. The Rupert core team was offered hearty congratulations by the Ontario government, which then shut down the pilot project. Nineteen years later, there are two powerful lessons from the Rupert fire: First, the cost…
What starts in the housing sector doesn’t stay in the housing sector
…dragged down as well. Michael Shapcott, Director of Community Engagement at the Wellesley Institute, outlined some key economic issues on housing and homelessness for the Ontario Legislature’s Standing Committee on Finance as part of its 2008 pre-budget consultation. Wellesley Institute’s Pre-Budget Submission to the Ontario Legislature’s Standing Committee on Finance…
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First glance at TO’s operating budget: Balanced, but at what cost?
Wellesley Institute backgrounder: Toronto’s 2008 operating budget: Balanced, but at what cost? January 29, 2008 The headlines all proclaim the news that the City of Toronto has released a draft 2008 operating budget that is fully balanced with only a modest tax increase for home owners. Overall, Toronto’s proposed 2008…
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Minister Solberg boycotts meeting, then promises to meet
…Provincial and territorial ministers are seeking an immediate commitment in the upcoming federal budget to increase the level of funding for housing programs, including those set to expire in March 2009. During the forum, Ministers also discussed housing issues facing First Nations, Metis and Inuit people; changes to the tax…
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