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.
![](https://www.smchomes.ca/blog/wp-content/uploads/2024/07/toronto-invests-in-affordable-housing_share.jpg)
Toronto Invests Millions in Affordable Housing Push | The best real estate services in the market.
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