Affordable housing Toronto

Toronto is getting 3,200 more affordable housing subsidies

We all know how difficult it is to find housing in this city, especially affordable housing. 

Earlier this year, the Toronto Housing Market Analysis reported that over 90 per cent of rental units in Toronto were built before 1980 and the wait for social housing is five to seven years. 

Now, steps are being taken to improve the situation, ever-so-slightly. 

Mayor John Tory announced yesterday that another 3,200 affordable housing subsidies are expected to be funded in Toronto, something housing advocates and Toronto residents have been demanding for quite some time.

Over the next three years, the Planning and Housing Committee is expected to approve a funding plan for around $160,000 of provincial and federal funding. It will go before city council on July 16. 

The funding will be under the Canada-Ontario Community Housing Strategy Initiative (COCHI) and the Ontario Priorities Housing Initiative (OPHI).

In a report, city staff recommended spending most of the federal money on measures to ensure long-term affordable options for Torontonians.

They recommend doing this by using rent-geared-to-income assistance in social housing projects. 

Tory said the implementation of this project will put the number of households in Toronto receiving subsidies at 8,600.

While it's obvious this new funding won't fix Toronto's urgent housing crisis, it's definitely a start. 

Lead photo by

St-Even


Join the conversation Load comments

Latest in Real Estate

Condo rentals skyrocket in Toronto as landlords abandon Airbnb

These Toronto neighbourhoods still have median house prices of less than $1 million

Toronto condo rent prices reach lowest point in nearly three years

Condo prices are finally starting to drop in downtown Toronto

Toronto rent drops again as the average price for a one bedroom falls below $2k

Toronto realtors urged to stop hosting open houses

Toronto developers are rushing to build more detached homes as demand skyrockets

Home sales and prices in Toronto keep hitting record highs