1、By Nan DasGupta,Kristin Wheatley,Kate Banting,Terence Smith,and Chris Kornas In Conjunction with CivicActionGreater Toronto and Hamilton Area Housing Crisis:Hidden Costs,Bold Solutions2 BCG+CIVICACTION|THE HIDDEN COSTS OF THE HOUSING CRISIS IN THE GTHAWhen a personal support worker has to dedicate o
2、ver half her income to rent,a construction worker has to travel for hours to get to a worksite,or a teacher moves away because housing is out of reach,the effects reverberate far beyond these individuals.Across the Greater Toronto and Hamilton Area(GTHA),the most populous region in Canada,housing un
3、affordability is squeezing the workforce,straining essential infrastructure,and undermining the regions economic vitality.In our national context of uncertainty and an urgency to retool our economic structures,retention of this workforce is even more critical to Canadas stability.The capacity of GTH
4、A workers to participate in and contribute to a healthy,productive regional economy is core to our countrys economic strength.Despite widespread recognition of the barriers to building housing that is affordable,large-scale progress remains elusive.Restricted development,insufficient capital,and ris
5、ing costs have left the region struggling to keep pace with workforce needs.The housing crisis is no longer just a personal challengeits a regional economic and social emergency that affects millions of people.Securing the GTHAs future prosperity and livability requires bold action.By drawing lesson
6、s from the worlds most innovative housing solutions and fostering deep collaboration across sectors,the region can tackle its affordability challenges head-on.Ensuring the workforce can live and thrive close to where they work isnt just a moral imperativeits the cornerstone of a competitive,resilien