I think it is 100% Affordable - but at different levels of Affordability. Some of the units will be Moderate Income / Workforce Housing.
Chart below is 2019 numbers from the City, but all of those numbers have increased since then.
View attachment 385542
I find that interesting, and problematic.
I know a few people working security, and I would posit that the median wage is considerably lower than $44,000 per year.
Probably closer to $36,000
Which is essentially just above minimum; except that the average full-time guard works 44 paid hours per week as opposed to 40, and gets a certain number of Stat. holidays at 2.5x pay.
No question there are some better paying security jobs both private and public; but that seems an optimistic pay read to me. I wonder if includes armed guards?
The lower two tiers read as both being minimum wage, the difference being scheduled hours of work.
It speaks again to the notion that while there is certainly a housing affordability issue, there is also an income isssue. Both in terms of full-time employment opportunities (and/or guaranteed minimum hours); as well as the hourly rate of pay.
To put this another way, if Ontario had Seattle's minimum wage, adjusted to Canadian Dollars, no one working full-time would earn less than $43,000 per year.
Which would empower alot more people, especially those coupled or otherwise sharing accommodation to find somewhere decent to live.
Of course we also need to talk about minimum shift lengths and guaranteed weekly hours.
