Big news for Toronto’s rental market: with $2.7 billion from the federal government and $703.7 million from the city, we’re set to see 5,600 new rental homes. More than 3,700 of these will come through the Apartment Construction Loan Program, while another 1,800 will rise on city-owned land. Policies reducing development charges by 40–60% are also in play, aiming to make rental projects more feasible and grow our housing supply.
As someone who’s helped newcomers, growing families, and seasoned investors navigate Toronto’s housing landscape, I know how much these initiatives matter for anyone feeling squeezed by low rental availability. My background in education taught me the value of clear information—so if you’re curious about how these changes might shape your next move, or what this means for your options in the city, let’s connect and explore together.
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