Page 27 - Report to our community 2024-2025
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Speaking Truths on Housing

            Launched in 2022, Speaking Truths on Housing aims to find sustainable
            solutions to a key source of poverty: the lack of access to affordable
            housing.

            This work continued with the release of the 2024 residual income
            measure and the joint announcement with the three levels of government
            of a $6-million investment for analysis and planning to develop affordable
            housing at the site of the former Montreal hippodrome.

            Centraide supported the Corporation de développement communautaire
            de Côte-des-Neiges to get the community involved in this project while
            contributing to the socioeconomic impact study with the Groupe de
            travail sur l’aménagement du site de l’ancienne Hippodrome de Montréal
            (GALOPH) and McKinsey & Company. Centraide also played a leadership
            role on the committee that got many stakeholders involved in analyzing   VIEW DOCUMENT
            the collective economic and social costs related to housing insecurity.
                                                                                      (in French only)



























              Close-up on the residual income measure


               Every year, this indicator reveals the minimum income required to cover basic needs. Residual
               income is the amount that households have left over after they pay their rent and cover other
               basic expenses.
               In 2024, the annual income that households had to earn to pay for housing and essential needs
               was $31,000 for the Greater Montreal area. According to this measure, approximately 310,000
               households—an estimated 18,000 more than in 2023—did not make enough to pay for their
               basic needs. This statistic does not include households who earn just above this threshold and
               who are also in a very vulnerable situation.














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