Constructions begins on 390 affordable rental units, not-for-profit long-term care home in Toronto
A groundbreaking ceremony was held in Toronto Monday as the city begins construction on a new 27-storey, mixed-use building soon to be home to 380 affordable rental units.
The building, located at 844 Don Mills Road and scheduled to open in 2025, will feature 390 affordable homes, including 58 studios, 214 one-bedroom apartments, 79 two-bedroom apartments, and 39 three-bedroom apartments. The rental units will be developed and operated at Average Market Rate, which the city says will result in an affordibility period of 25 years. They did not specify projected rental costs for the units.
The site is also set to host a 122-bed not-for-profit long-term care facility, dubbed Generations, which the province says will "offer culturally appropriate services to the Ismaili community." The facility is expected to welcome residents in 2026. It will include semi-private and private rooms, larger resident common areas and air conditioning.
A daycare and retail units will also be constructed onsite.
Toronto Mayor John Tory was present for the ceremony Monday, alongside Ontario Premier Doug Ford, Prince Amyn Aga Khan and Karim Thomas, vice-president of the Ismaili Council for Canada.
“We know housing is a pressing issue that we are working to address in the city but we know we cannot do it alone,” Tory said. “This is a solid commitment that will help us create even more vibrant and complete communities across Toronto and to ensure that while our city continues to grow and thrive, our residents are able to access quality and affordable homes.”
Financing for the affordable rental units will come through the Canada Mortgage and Housing Corporation’s Rental Construction Financing Initiative.
The city’s Open Door program allowed for the allocation of $17.5M, used towards property tax, development charge exemptions and permit fee waivers – something the city said “made this site possible.”
The Open Door program provides financial incentives to support the creation of more than 21,700 affordable rental homes across Toronto, according to the city.
The HousingTO 2020-2030 Action Plan sets targets for the approval of 40,000 new affordable rental homes and 4,000 new affordable ownership homes by 2030.
CTVNews.ca Top Stories
'A beautiful soul': Funeral held for baby boy killed in wrong-way crash on Highway 401
A funeral was held on Wednesday for a three-month-old boy who died after being involved in a wrong-way crash on Highway 401 in Whitby last week.
'Sophisticated' cyberattacks detected on B.C. government networks, premier says
There has been a "sophisticated" cybersecurity breach detected on B.C. government networks, Premier David Eby confirmed Wednesday evening.
Police handcuff man trying to enter Drake's Toronto mansion
Toronto police say a man was taken into custody outside Drake's Bridle Path mansion Wednesday afternoon after he tried to gain access to the residence.
Biden says he will stop sending bombs and artillery shells to Israel if they launch major invasion of Rafah
U.S. President Joe Biden said for the first time Wednesday he would halt shipments of American weapons to Israel, which he acknowledged have been used to kill civilians in Gaza, if Prime Minister Benjamin Netanyahu orders a major invasion of the city of Rafah.
Rookie goalie Arturs Silovs to start for Canucks in Game 1 vs. Oilers
Rookie goalie Arturs Silovs will start in net for the Canucks as Vancouver kicks off a second-round series against the Edmonton Oilers Wednesday night.
Nijjar murder suspect says he had Canadian study permit in immigration firm's video
One of the Indian nationals accused of murdering British Columbia Sikh activist Hardeep Singh Nijjar says in a social media video that he received a Canadian study permit with the help of an Indian immigration consultancy.
Pfizer agrees to settle more than 10K lawsuits over Zantac cancer risk: Bloomberg News
Pfizer has agreed to settle more than 10,000 lawsuits about cancer risks related to the now discontinued heartburn drug Zantac, Bloomberg News reported on Wednesday, citing people familiar with the deal.
Quebec premier defends new museum on Quebecois nation after Indigenous criticism
Quebec Premier Francois Legault is defending his comments about a new history museum after he was accused by a prominent First Nations group of trying to erase their history.
U.S. presidential candidate RFK Jr. had a brain worm, has recovered, campaign says
Independent U.S. presidential candidate Robert F. Kennedy Jr. had a parasite in his brain more than a decade ago, but has fully recovered, his campaign said, after the New York Times reported about the ailment.