City of Toronto report proposes measures to boost Toronto’s rental housing supply

The report responds to Toronto City Council's commitment to support 65,000 rent-controlled homes by 2030. City staff propose a new Rental Housing Supply Program to address housing challenges, including low rental vacancy rates and homelessness. The program includes initiatives like a Community Housing Pre-development Fund, income-based affordable rents, rent-controlled homes definition, incentives for Community Housing Providers, and capital funding for affordable housing projects.