||Cities have a role to play in ensuring their vulnerable groups are cared for. Housing affordability has much to do with simple supply and demand economics. Location is the key-determining factor in influencing cost of residential units. Irrespective of that, the city does have a role to play in ensuring our most vulnerable are taken care of. More than just our most vulnerable, careful consideration must be given to ensuring there is a real level of affordability considered with new development sites. Affordability in most of Hamilton will drive development toward mid to high-density forms.
Addressing affordability options ensures our seniors have feasible housing alternatives. Affordability provides first-time buyers a chance to live in Hamilton and pursue their new careers, their new research projects, or their new next generation ideas. Positive outcomes are delivered as a result of the city promoting the right types of affordable options across Hamilton.