Toronto has been making moves toward building one of the largest affordable housing projects in decades.
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Toronto has been making moves toward building one of the largest affordable housing projects in decades.

In addition to 306 condos, the 1.16-hectare project at 2444 Eglinton Ave. E. will include 612 RGI, affordable and market rental units.

Co-ops are not-for-profits that provide housing at cost for their members, who pay a monthly ‘housing charge’ to cover the co-operative’s budget.
Both Canada and the United States have deep-seated affordability problems, but only the former is doing anything substantial about it.

City officials say it will be one of Ontario’s largest co-ops, and one of the first new co-op developments of its size in a long time.

Ambitious plans surfaced in April for a proposal to redevelop a tract of City of Toronto-owned lands at a major transit hub.
Canada Prime Minister Mark Carney wants to hit the ground running: “Build baby build” were among his first words after winning this week’s election.

If you tell a millennial today that in 1960, you could purchase a four-bedroom, detached home with a large yard in the heart of Lawrence Park.






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