Revera employees are teaming up with Habitat for Humanity by volunteering their chance on Habitat for Humanity Build Days across Canada to give protected and affordable homes to families, who are in need.
Previous Mississauga leader Hazel McCallion, Revera’schief elder officer, joined a group of volunteers from Revera at an ongoing Habitat for Humanity Canada Build Day on McLaughlin Road North. in Brampton.
Habitat for Humanity Greater Toronto Area (GTA) commenced Women Build, back in May of this current year, for the 13-housing project. Hundreds of women have been working together on the homes, along with future Habitat for Humanity families.
Since 2009, Habitat for Humanity GTA’s Women Build has rallied more than 5,000 local women to raise more than $4 million and help construct 85 homes. This year’s event objective is to bring $275,000 in support of Habitat for Humanity’s home building projects across the GTA.
As house costs go up and opening rates go down — more people are finding that it’s difficult to find affordable housing.
The Region of Peel says 33% of households in Peel, or 128,000 of 430,000 households, are experiencing housing affordability issues. The average resale price for a house in Peel was $722,428 in 2017, which is unaffordable for many residents.
At the same time, the lack of rental supply is decreasing. In 2017, the retail vacancy rate in Peel fell to one percent. In 2016, the retail vacancy rate was 1.4 percent. A healthy retail vacancy rate is around three percent.