The Toronto Board of Trade is committed to a competitive and vibrant Toronto. In recent submissions to the government, we have made the case for a new deal for the city and asked governments to address the problems of Toronto’s crumbling infrastructure. In particular, we have called for a five-year capital plan to support transportation, affordable housing, and the development of Toronto’s waterfront. This report is concerned solely with affordable rental and ownership housing as a key factor in creating a city that is competitive with other North American centers and offers a compelling quality of life. Toronto’s supply of affordable housing is inadequate. The same is true in a number of other cities. Ultimately, the supply of affordable housing affects the success of all businesses.