Mindblown: a blog about philosophy.

The City of Toronto aims to increase purpose-built rental housing, as outlined in a new report proposing the development of 20,000 new rental homes, including 16,000 purpose-built and 4,000 affordable units. The report calls for a Purpose-Built Rental Homes Incentive to support these goals, which include a tax reduction and deferral of development charges for…

Toronto city staff propose a plan to build 20,000 rental homes, contingent on financial support from other government levels. The initiative includes a new incentive program to construct 7,000 rental homes, with 1,400 affordable units, by deferring development charges and waiving property taxes for 40 years. A second phase aims for an additional 13,000 homes,…

City of Toronto staff have recommended measures to develop 20,000 new rental homes, including 4,000 affordable units. The city plans to build 7,000 homes using its resources and proposes a new incentive program to expedite construction. Eligible projects must include at least 20% affordable units and start by 2026. The report also calls for provincial…

A study by Concordia University predicts that by 2032, average monthly rents could reach $7,500 in Vancouver and $5,600 in Toronto if current trends persist. The research highlights the necessity for a significant increase in housing supply, suggesting development needs to be six times the current pace. Low vacancy rates are affecting supply and demand,…