Feds Invest $89M To Combat 'Unacceptable' Toronto Housing Costs

TORONTO — In one of Canada's most difficult places to find rental housing, the federal government announced Thursday the construction of a desperately needed apartment building.

To be completed within the next couple of years, the building, constructed with funding assistance from a low-cost government loan, will add 259 affordable units in Toronto's Etobicoke Central. The vacancy rate in the west-Toronto neighbourhood is 0.6 per cent, compared to a city-wide rate of 1.1 per cent and a...

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