Minister Jean-Yves Duclos , responsible for Canada Mortgage and Housing Corporation, announces the federal government has provided an $89 million loan for an affordable rental building in Toronto on March 14, 2019. Toronto MPs Adam Vaughan and Borys Wrzesnewskyj joined him.
"Toronto is a vibrant city, but unfortunately like in many Canadian cities, the demand for housing has far outstripped supply," said Minister Jean-Yves Duclos, responsible for the Canada Mortgage and Housing Corporation, at the announcement.Jean-Yves Duclos, minister of families, speaks to the media at a the Toronto Housing Summit on Sept. 30, 2016.
The majority of the units will be priced at or below 30 per cent of the median household income in the area, and 10 per cent will be accessible. New measures could be announced in the federal government's upcoming budget March 19, and pressure has certainly been mounting, said the survey report's author Penelope Graham, Managing Editor at Zoocasa.
That’s about 57 houses.
Who did the survey?
Of course it's just Toronto right, housings a problem everywhere but sure, focus on that one single city in a country that has hundreds. JustinTrudeau