Toronto Invests Millions in Affordable Housing Push | The best real estate services in the market.

Toronto City Council invested $351M to restart construction of 18 affordable housing projects.
The council also increased funding for affordable housing projects to $260K per unit.
The Mayor requested financial support from the province to build 6K new rental units and expand rent control.
Data shows ~50% of Toronto households are renters and 40% struggle with unaffordable housing.
The council approved a public-private partnership to build 447 rental units on city land in midtown Toronto.