Housing affordability is a significant issue across North America.
In Canada, 45% of Canadians polled reported being “very concerned” about housing affordability due to the rising costs of housing or rent, according to recent data from Statistics Canada's Canadian Social Survey.
Affordable housing is an integral part of financial security. Unaffordable housing — often defined as costing more than 30% of a person’s income — can also negatively impact a person’s overall well-being and quality of life.
That’s why TD Bank Group is committed to supporting organizations focused on improving the quality and accessibility of housing in communities across its North American footprint. One way the Bank does this is by working with community organizations that help people access affordable housing.
One of the organizations that is supported by TD is Raising the Roof — a charity committed to developing long-term solutions to help address homelessness across Canada.