Toronto expands affordable housing efforts with $50 million fund to acquire vacant condominiums

Toronto is expanding housing acquisition programs to buy discounted and vacant condominiums for affordable housing. The city will fund community housing providers to purchase these units, aiming to ease crowding in emergency shelters. With a record number of unsold units, Toronto has allocated $50 million for condo purchases. The city also plans to explore stormwater programs and potential charges to mitigate flooding, emphasizing the importance of green infrastructure and preserving green spaces.