Toronto proposes $23.4-billion housing plan to address affordability crisis.

Original article via Financial Post. Click here to read.

Toronto Mayor John Tory is backing a $23.4-billion city housing proposal over the next decade that would help prevent evictions and build new rental accommodation.

The city’s tab for the HousingTO 2020-2030 Action Plan would be $8.5 billion — $5.5 billion of which is already committed — plus $14.9 billion from the province and Ottawa, according to a statement Tuesday from the city.

“This has to be a priority — we have to come together to support households who are struggling to pay the rent and keep, or put a roof over their heads,” Tory said in the statement. “Ensuring that residents in our city have access to housing will benefit our entire city.”

No Comments

Post A Comment

Sign up for Toronto real estate property updates.


Join thousands of Torontonians who receive our automatic Toronto real estate property updates. Stop manually spending your time searching through listings, and let us send the properties that meet your criteria directly to your inbox.