Federal Government Support Expands Rental Housing In Toronto
Toronto is set to gain 705 new rental units through federal support programs, including the Apartment Construction Loan Program and the Affordable Housing Fund.
The Canadian government has committed more than $291 million to support the construction of 705 new rental units in the city, with 256 units designated as affordable.
This initiative is part of a broader effort to address the city’s ongoing housing pressures, combining low-interest federal financing with municipal support to accelerate housing delivery.
The Canadian government has committed more than $291 million to support the construction of 705 new rental units in the city.
Author summary: Toronto gains 705 new rental units.