this post was submitted on 27 Nov 2024
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Toronto breaks ground on Wilson Heights housing project with more than 500 affordable rentals (www.cbc.ca)
submitted 8 months ago by StopTouchingYourPhone@lemmy.world to c/ontario@lemmy.ca
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snips from the news bit:

Total of 1,484 residential homes will be built on a former commuter parking lot

The development will include 444 condos and a mix of one- to three-bedroom rental homes that will be available to residents of various income levels.

Green said the four-block community that will be created will include a childcare centre, community space, retail space and public park.

In a news release on Tuesday, the city said crews have already begun to remove parking infrastructure to prepare the site for development. Construction is set to begin in the spring, with occupancy expected in early 2029.

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[–] Flatfire@lemmy.ca 5 points 8 months ago (4 children)

I wish "affordable" was better described. What is the target rent for each income bracket? How is that being determined? And as much as I'd love to jump for joy at the idea, that's still 5 years away from a projected finish line.

[–] Showroom7561@lemmy.ca 2 points 8 months ago (2 children)

I wish “affordable” was better described.

Really, eh?

To me, if it can't be purchased by someone between the lowest end and the median of the income spectrum, then it's not "affordable".

[–] n2burns@lemmy.ca 1 points 8 months ago (1 children)

Since they're rental units by your standards they can never be affordable?

[–] Showroom7561@lemmy.ca 2 points 8 months ago

My sentiment includes renting :)

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