Toronto’s Bold Move Unlocks 7K Rental Homes

Toronto’s Purpose-Built Rental Housing Incentives initiative aims to create 20,000 new rental homes by 2026.
The first phase plans to add 7,000 rental homes, including 5,600 purpose-built and 1,400 affordable homes.75 applications received, proposing 32,600 new homes, highlighting the sector’s readiness and urgent need for action.