Page 27 - Report to our community 2024-2025

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.

Engaging people in social issues Report to Our Community 2024-2025 27