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- Within Toronto, 4,114 rental units would need to be built annually in order to fulfill the increase in younger generations’ demands in the 35 years between 2016-2051 This number includes 2,549 more rental units annually on top of the 1,565 average annual rental completions
www.toronto.ca/legdocs/mmis/2022/ex/comm/communicationfile-155001.pdf
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3 days ago · Media Advisory October 30, 2024 Later today, Mayor Olivia Chow and Councillor Gord Perks (Parkdale-High Park), Chair of the Planning and Housing Committee, will join City of Toronto staff to provide an update on staff recommendations for proposed incentives to expand purpose-built rental housing in Toronto including a New Multi-Residential Property Tax Subclass. This report […]
- An Overview of the HousingTO 2020-2030 Action Plan
40% of renters are living in unaffordable housing (based on...
- An Overview of the HousingTO 2020-2030 Action Plan
3 days ago · The city would kick-start the Build More Homes program by immediately releasing applications to identify and approve 7,000 new rental homes, including 5,600 purpose-built rental homes and at least ...
3 days ago · Table 3 outlines the estimated financial impact of providing development charge deferrals and property tax reductions for 5,600 purpose-built rental homes to be delivered by private housing organizations. In total, the estimated financial impact is $325.0 million, or $58,032 per purpose-built rental home.
3 days ago · Toronto City staff have proposed a plan to develop 20,000 new rental homes. Detailed in a report titled Build More Homes: Expanding Incentives for Purpose-Built Rental Housing, the initiative — to be considered by the Executive Committee on November 5 and if passed, presented to City Council later in the month — aims to increase the housing supply while also making a significant portion of ...
40% of renters are living in unaffordable housing (based on 2021 Census data). 1 in 5 households (215,225 households or 19%) are living core housing need (based on 2021 Census data). Indigenous and Black residents overrepresented in homeless population.
Feb 10, 2024 · The Greater Toronto Area (GTA) is facing a dire need for more housing to rent and to own. At the same time, the City of Toronto is facing a significant budget shortfall.
Feb 9, 2023 · The Greater Toronto Area needs to shift its focus to investing in purpose-built rental housing in order to meet quickly growing demand, according to a new report from industry groups.
