How corporate landlords are eroding affordable housing — and prioritizing profits over human rights

A man walks past graffiti that reads ‘Rent Strike.’ Last week, hundreds of tenants in Toronto organized what they are calling the largest rent strike in the city’s history. (AP Photo/Ted S. Warren)

One factor driving the housing crisis across the country is a shift away from publicly built housing toward large corporate-owned buildings where, as today’s guest Prof. Nemoy Lewis puts it, “housing is treated as a commodity, not a human right.”

For many people living in Canada, housing has emerged as one of the most challenging issues. This is especially true in our largest cities, where financial stress plagues many households.

Home ownership is widely out of reach and for renters, housing is scarce, expensive and precarious.

In Toronto, Canada’s largest city, vacancy rates are at their lowest levels in nearly two decades and average rents have jumped nearly 10 per cent — the sharpest increase in more than a decade. Last week’s rent strike in Toronto  is just one indication that Canadians need solutions.

Read full article here:

Tax wealthy homeowners to fund affordable housing, says new B.C. proposal