According to a new study conducted on a pro bono basis by McKinsey & Company on behalf of Centraide of Greater Montreal, affordable social housing is an essential tool to reduce vulnerability and improve socioeconomic security. The research conveys that a major investment in affordable social housing is key to improving the quality of life for Quebeckers and increasing the ranking of Montreal among major North American and European cities.

The international ranking reflects the ability of cities to provide their residents with an accessible living environment that provides socioeconomic security. According to the study, Montreal is currently near the bottom of the list, which leaves the city far behind in comparison to Toronto and Vancouver.

The study found that nearly 17% of households in Greater Montreal have a negative residual income, which means that, after paying for private market housing, they do not have enough left to cover their other basic needs. To address this growing issue, major projects are underway, and new transformational projects are on the horizon.

For further information about the current state of social housing in Montreal, and to learn about the planned projects, click here.