Governance & Politics
April 16, 2019

Professor Kennedy Addresses the Board of Trade

Last Wednesday, the mayor addressed a full class at the Board of Trade, with a PowerPoint lecture that outlined the City’s progress on the housing crisis.

Not your grandfather’s BoT

With some helpful slides and a low-key professorial manner, he articulated some obvious but rarely made points:

  • We have in this society “a full-blown capitalist housing system” – 91 percent of housing developed by the private sector; 9 percent public.
  • Maps don’t end at Boundary Road.

  • The key to addressing labour supply needs and provide access to jobs is a good regional transit system.

Then, another chart:

Snap quiz: how many of us knew the City had almost reached its housing target for the shelterless?  In fact, except for minimum wage citizens, the results look pretty good.  Or so the mayor thought until he saw the media coverage.   Because good results, as the politician in the mayor noted, is not how data is portrayed.  But it is why the debate and discussion has shifted more and more to affordable rental.

The dilemma, as Kennedy stated, is this:

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