It's Expensive to be Poor: How Canadian Banks are Failing Low-Income Communities

In 2015 the six largest banks in Canada – TD, BMO, RBC, Scotia, CIBC and National Bank – generated $35 billion in profits, up from $29 billion in 2013. This perception of achievement, however, is misleading. Canadian banks are failing Canada’s low and moderate income residents. The banks’ focus on profits have led to service cuts, branch closures, and high fees, primarily impacting Canada’s low and moderate income earners.

Regulation of Payday Lending in Canada

ACORN Canada engaged me to determine an appropriate fee structure for payday lenders that would reduce the current very high rates while still allowing at least some of the companies to continue to operate. This fee structure should replace the current rule of 60% maximum interest contained in the Criminal Code, thus allowing mainstream financial institutions to compete in the short-term lending field legally.

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Submission to CMHC's National Consultation on a Human Rights-Based Approach to Housing

By introducing a National Housing Strategy (NHS) and making a commitment to a rights-based approach to housing, the Federal Government is taking a significant step towards tackling Canada’s housing crisis. ACORN members welcome this national plan. Yet, we acknowledge that there is a long way to go to overcome the systemic issues that have led to so many homeless and under-housed Canadians.

Affordable for Who? : Redefining Affordable Housing in Toronto

Staggering rental costs in Toronto make it difficult for low-income individuals and families to find housing that is adequate, suitable and affordable. Since 2011, the average market rent of a one-bedroom apartment has risen by almost one third. Low and moderate income people are being forced out of the city, or left with nowhere to go. ACORN feels strongly that municipal programs offering “affordable” housing miss the mark, as the definition of affordability used by the City does not meet the needs of Toronto tenants. 

"We need people to be able to afford to live in this city" : The Urgent Need for New Affordable Housing in Toronto

With the municipal election looming, Mayor Tory has suddenly realized that Toronto is in the midst of a housing crisis. Rents are skyrocketing while vacancy rates are plummeting. Many of our most vulnerable community members live in substandard and precarious housing, struggling to make ends meet in a city that is pricing them out. 

Nova Scotia Province Wide Tenant Survey Report

In 2011 statistics, there were 390,280 private households across the province of Nova Scotia. 29% is listed as renter households. Almost a third of the population lives in a rental unit. There have been some bylaw changes made across the province in recent years aiming to improve rental housing conditions. However, as this report will show, there is still a lot to be done on both the provincial and municipal level.

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