Housing unaffordability in the Greater Toronto and Hamilton Area (GTHA) poses a significant economic crisis, impacting workforce retention and livability. Nearly half of households earn between $40,000 and $125,000, yet struggle to find stable housing, often spending over 30% of their income on rent or facing long commutes. Without intervention, the crisis will worsen, increasing inequalities and straining public services. A multifaceted approach is needed, including expanding public housing, streamlining approvals, and integrating housing with transit and economic planning.
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