As alephnerd described, the new real estate is out of reach for the majority of the population's incomes. It's not really meant to address the problem directly

As alephnerd described, the new real estate is out of reach for the majority of the population's incomes. It's not really meant to address the problem directly and is more like "business as usual"; the usual business that has lead to our current situation. Very small amounts of units are built for lower income families, but when you put it into perspective, it's kind of a laughable attempt to put a bandage on a shotgun wound. I'm glad it's improving, though. The bandage is slightly larger than in previous years. I'm personally looking at a $5300/mth mortgage for the cheapest home I could find that reasonably fit my family of 5, without needing extensive renovation or being far from work/school/famiy/friends/etc. It's wild. It's not even that big, either. The step down for even tighter accommodation in a much worse/older build was around $4500/mth. That's wild. That's close to what most households in the city net in a month (median income after tax in 2021 was about $60k, and while that has presumably increased, it seems unlikely to be significantly higher). This is the lowest of the low end for families our size.