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Feds commit $1.2 billion to build new rental units in Toronto

November 14, 2023

The federal government is investing $1.2 billion in building 2,644 new rental units across Toronto through the rental construction financing initiative, according to Deputy Prime Minister Chrystia Freeland. The initiative aims to provide affordable housing and will be strategically located near transit, work, and school. The government aims to build 71,000 new rental housing units across Canada by 2027-2028, providing homes for Canadians who need them the most.

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