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Toronto City Council has voted to increase Development Charges by nearly 50%.

The cost of building homes will continue to increase as a result.

Typical  Canadian Salary: $46,497.

Typical House Price:  $1,146,667. 

Canadians require at least one six-figure income in the home to be able to afford a house, but the average Canadian makes much less than this.

Affordable housing projects face political barriers.

If Canada's three levels of government were to work together to provide incentives for affordable housing, housing projects could be pushed forward for those in need.

Rising interest rates mean that the gap between income and affordability will only increase as citizens are unable to borrow towards their future homes.