Toronto’s 2020-2030 Plan to deal with Housing

Toronto’s New HousingTO 2020-2030 Action Plan was formally announced December 2019. This is the bible when it comes to Toronto housing over the next decade. We unveil Toronto’s new $24 billion plan for housing issues expected to help more than 300,000. The detailed plan has over 76 actions but we summarize it here and explain how it will affect our marketplace. If you want to invest in the next ten years, this agenda matters.

While the housing market has boomed in recent years, at the same time it has left an increasing number of lower and moderate-income residents in an environment where rental and ownership costs have surpassed affordability levels. According to the executive summary, “There is no room for half-measures or patchwork solutions.” Let’s see how they do…