Mindblown: a blog about philosophy.

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,…

The City of Toronto has unveiled a report outlining a plan to foster a "prosperous, inclusive, and sustainable economy" through public consultation. Introduced by Mayor Olivia Chow, the plan addresses key issues like housing affordability, public safety, and transit efficiency, with 29 action items to be implemented over five years. It aims to tackle rising…