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Toronto Breaks Ground on Affordable Housing | Toronto News

Toronto Breaks Ground on Affordable Housing | Toronto News

Published 3 days, 2 hours ago
Description

Toronto’s west end just got a major housing boost as groundbreaking began on a new 74-unit rent-controlled complex built atop a former parking lot—17 units tied to income, 40% offering two- or three-bedroom spaces. Mayor’s rallying cry: they’re “going all in” on the housing crisis. Backing this up, the Prime Minister pledged $2.7 billion over three years for 18+ projects citywide, including $310 million for nine sites on public land—aiming for nearly 1,900 homes, 700+ affordable. Critics say announcements aren’t enough; the mayor counters with proof: new ground broken every couple of weeks. This is part of a citywide goal: 65,000 rent-controlled homes by 2030, blending affordable rentals, income-tied units, and traditional rent control to tackle Toronto’s housing crunch head-on.

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