Loss of Affordable Housing in Canada

Please see the following analysis on the loss of affordable housing across Canada: https://chec-ccrl.ca/filling-the-hole/ People instinctively know that things have become worse in the last number of years. Here is an analysis that shows this to be true.

Councillor Dave Thompson stated in the Times Colonist on March 9, 2025 that

"This is why it’s important that council has approved about 7,000 new homes since the beginning of our term. New housing reduces competition for more affordable homes — a competition that lower-income people always lose. And these new homes will also provide for more affordable housing in the future."

Or is this really the gentrification of Victoria? That new builds are not affordable and that the housing that was removed for the new build was the affordable housing we need? Dave is right that new builds will be affordable in the future but that does not help people now. How many truly affordable housing units has Council approved? Dave mentions less than 300 truly affordable units have been approved in the same article...out of 7000. Not a great track record for Council. Let us know what you think.