Councillor Ana Bailão (Ward 18 Davenport), Chair, Affordable Housing Committee
Government funding is essential if low- and moderate-income rental households are to succeed in owning their own home, according to a first–of-its-kind survey conducted by the City of Toronto's Affordable Housing Office.
Almost three-quarters of respondents said they would not have been able to buy a home without financial support from governments, says Making Homeownership Happen – Success through Partnerships. The 31-question survey was conducted between September and November, 2011.
Almost four-fifths of those surveyed are satisfied with the transition to owning from renting. Some 70 per cent said their financial stability had improved or was expected to improve.
Link to Report
Link to News release
Link to Home Ownership Assistance Page