Ontario Unlocking Surplus Land to Create More Affordable Housing
Province's Fair Housing Plan Making Housing More Affordable in Toronto
Ontario is unlocking surplus provincial land to create more than 2,000 new rental housing units in Toronto--part of the Fair Housing Plan that is providing more people with a safe and affordable place to call home.
Peter Milczyn, Minister of Housing, was joined by Mayor John Tory in Toronto's West Don Lands today to announce that Ontario is launching the process to secure a developer that will turn several sites into new mixed-income housing. These sites, which are currently owned by the province, are:
- A lot in the West Don Lands, south of Front Street, between Trinity and Cherry Streets
- A lot in the West Don Lands, east of Cherry Street and north of the rail line
- 27 Grosvenor Street and 26 Grenville Street, which is currently a multi-level parking structure and the two-story former Provincial Coroner's Office.
The province is leveraging the value of this land to develop new rental and affordable housing units for individuals and families in Toronto. This will pave the way for strong neighbourhoods that will feature both market and affordable rental housing, including much-needed family-sized units, with up to 30 per cent of the units earmarked for affordable housing.
This pilot program is one of 16 comprehensive measures under Ontario's Fair Housing Plan that are bringing stability to the real estate market, protecting the investments of home owners, and ensuring that more people are able to find a home that fits their budget.
Ensuring people have an affordable place to call home is part of our plan to create jobs, grow our economy and help people in their everyday lives.
- The Fair Housing Plan includes measures that address demand for housing, protect renters and homebuyers, increase the supply of housing, and take action to increase housing market information sharing among the private and public sector.
“Our communities are at their strongest when they make room for everyone. By freeing up underused land to build a mix of market and affordable rental housing, more people in Ontario will be able to find an affordable home in neighbourhoods they love.”
“This is a unique and innovative strategy to transform surplus provincial lands into much-needed rental housing units for individuals and families, a key part of our Fair Housing Plan.”
“We need to do everything we can to build more affordable housing in Toronto and we need to do it much faster. Today’s announcement is about the Government of Ontario and City of Toronto working together to speed up the delivery of affordable housing by releasing surplus public land. The City will do everything we can to encourage development of affordable rental homes by providing incentives to developers such as waiving fees and charges. By working together, we can make housing affordable for the residents of Toronto.”