A report by Michael Shapcott of Toronto's Wellesley Institute has found that Ontario has a $1 billion spending shortfall between what was promised by Federal and Ontario governments in 2001 to the present for affordable housing. However, instead of adding $358 million in new funding, instead $732 million has been cut in the past six years. Ontario is the only province that hasn't increased its housing spending.
"They make commitments but when it comes time to add up what's actually done, you will find a lot of excuses and a lot of stalling," Shapcott said in an interview (Toronto Star, Feb. 5, 2008). "We have this history of federal-provincial deals signed but when you look at the dollars, you find they have not done what they intended to do."
With no new money in the Federal budget the future looks even more grim for new affordable housing units.
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