Quote:
Originally Posted by Innsertnamehere
The new provincial definition is looking like it’ll be around 80% of Average Market Rent, which for Hamilton is about $900 for a 1-bedroom. This is what most other municipalities use.
Hamilton’s definition has always been a joke.
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Agreed. To Chronomut's point, the entire point of affordable housing is supposed to be to bring affordable options and put downward pressure on nearby housing. It's questionable whether it has the latter effect though as the cost is usually paid by new owners and renters so it may cancel out, but there really haven't been studies into the economic effects of affordable housing units.