Case Study · Housing & Real Estate
$26.2 Billion Social Value Cost of Housing Unaffordability in the GTA
A housing-affordability case quantified the social value cost borne by GTA residents when housing becomes unaffordable.
Headline finding
$26.2B social value cost
Toronto Regional Real Estate Board · 2024
What the Work Shows
The revised public report estimates that GTA residents living in unaffordable housing experienced a 9% reduction in wellbeing, corresponding to a $26.2 billion social value cost in 2023.
The analysis combined demographic, economic and financial information with person-level wellbeing evidence to compare residents living in unaffordable conditions with those in affordable housing. The burden was especially pronounced among renters and younger residents, and was comparable in scale to the social value cost of major chronic diseases.
View the public CANCEA source →Why It Matters
Housing affordability is not only a question of shelter costs. The case shows how unaffordability translates into measurable losses in wellbeing, and how those losses are distributed unevenly across the population.
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