Making life more affordable
We need to make sure all Ontarians can afford to live the kind of life that they value.
Ontario is one of the most prosperous provinces in one of the most prosperous countries on earth. So how is it that so many people still feel like they need to choose between groceries or rent? Between taking care of children, or pursuing a career? Between making a tuition payment, or making sure a sick parent is cared for?
We need to make sure we have the means to not only get by, but to live the lives we aspire to live. It means not only having the ability to afford housing, food, and education, but enough to visit your kids on the other side of the province. It means when unexpected costs come up, we aren't worried about making ends meet. It means having money left over to save for retirement.
We also want to make sure our money takes us farther.
That means cheap and convenient transit that actually takes us where we live, north of Bloor or north of Peterborough. That means affordable, accessible childcare that doesn’t feel like a second mortgage. That means broadband availability that allows your side hustle to actually hustle at more than 8 megabits per second.
We want to ensure that incomes continue to rise, faster for those at the bottom than at the top. This is especially the case for those who earn the minimum within our society.
Our two metrics for success
Non-mortgage debt service ratio: The percentage of household disposable income that is devoted to making required interest and principal payments. In Canada, this recently went above 8%, levels not seen since 2009. No such data exists for Ontario; we would work with Statistics Canada to collect this data.
Household discretionary income: The amount of income that is left over at the end of the month after the necessities of life are paid for.