City council will need to vote fast on relieving the financial burden of citizens:
1 - DEFERRED RENT PAYMENT SYSTEM in Toronto Community Housing Corp (T.C.H.C.) must change to a rent payment system ON INCOME at present 30% of Gross or preferably at 30% of Net Income.;
2 - Reducing rents by 25% in the private sector for apartment buildings at full market price and others;
3 - Reducing by 50% the price of houses: RESETTING THE PRICE of houses at the price of houses ten years ago. We should be using the Canadian Banks which have been making over 500 million dollars in NET PROFIT every quarterly period to pay the difference to the new reset price.
Capping the selling price of houses with the inflation rate of each year for all the years the owner had the house.
This will not be ,market value.
Inflationary prices have made houses out of reach to most citizens.
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