NOW Magazine
Ontario housing programs are failing to meet demand: FAO
The province s financial watchdog says the need for affordable housing and the homelessness crisis will worsen by 2025 By Julia Mastroianni
Nadine Shaabana / Unsplash
Demand for housing in Ontario will increase by over 80,000 households from 2018 to 2027 due to insufficient provincial and federal funding for housing and homelessness programs, according to a Financial Accountability Office of Ontario (FAO) report released on Thursday.
Ater accounting for expiring funding, the province’s financial watchdog said that even with new commitments under the National Housing Strategy (NHS), Ontario’s annual spending on housing programs will be consistently lower than 2018-2019 spending until 2024-2025.