There are a number of affordable housing plans being thrown around in Toronto right now given that we have a municipal election coming up this fall.
From what I have read, the plans are largely centered around surplus and/or available public land and possibly some subsidies.
These subsidies are very important because the money has to come from somewhere. This is often overlooked.
In light of these debates, I thought I would share a short Bloomberg video that my friend Evgeny shared with me this morning all the way from Tokyo.
The video is about how Singapore fixed its housing problem. If you can’t see it embedded below, click here.
[youtube https://www.youtube.com/watch?v=2cjPgNBNeLU?rel=0&w=560&h=315]
It strikes me as being very Singaporean.
