69 days. That’s how long it took for 2444 Eglinton Ave. E., to get its zoning approval from the City of Toronto.

69 days. That’s how long it took for 2444 Eglinton Ave. E., to get its zoning approval from the City of Toronto.

A new, big project on Eglinton may usher in the return of the co-op in a big way, writes Shawn Micallef.
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The city's government announced a new housing development near Kennedy subway station in Scarborough, and it is big. Big in scale.
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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.






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