HomeNews & LifestyleNewsNew Study Finds The Vast Majority of Toronto Parents Can't Afford Daycare

New Study Finds The Vast Majority of Toronto Parents Can’t Afford Daycare

After a groundbreaking study conducted by University of Toronto’s economists Gordon Cleveland and Michael Krashinsky, the city says there is no point in adding many more daycares if nothing is done to acknowledge Toronto’s heinously high cost of childcare.

According to the report, three-quarters of Toronto families can’t afford licensed babysitting or daycare, with middle class income families earning too much to qualify for financial aid, but not earning enough to pay the full cost of daycare – which can run up to $20,000 a year for infants and toddlers. That price is more than a year’s worth of university tuition fees to study law, architecture, math or veterinary medicine.

The study concludes, if the fees are not lowered there will be little room to expand the city’s licensed child-care system.

“Growth..requires addressing affordability,” the report says. “If policies that significantly reduce costs were implemented, Toronto would see dramatic increases in the demand for licensed child care and dramatic increases in parental employment.”

According to the study, when child care is affordable, the probability of mothers with young children working full-time increases significantly. This, in turn, supports child development and helps to fight poverty.

But, if no changes are made, only 7,300 more spots in Toronto’s current 69,000-space system would be used, the report says. The city’s community development and recreation committee will be discussing the report findings Thursday.

Where is Mary Poppins when you need her?

What are your thoughts on the report? Let us know in the comments below.


Image courtesy njxw via Flickr

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