A new 16-storey, 259-unit apartment building in Etobicoke — close to transit, schools, parks and right next door to a grocery store — is the biggest project to date under a federal loan program that helps developers deliver affordable, accessible housing. Duclos pointed out that the federal riding of Etobicoke-Centre has a vacancy rate of about 0.6 per cent. “It shows that in a place like this with a very low vacancy rate we can find a way to construct affordable rental housing within a mature neighbourhood. The Etobicoke apartment building that should be built in about two years shows the money from the National Housing Strategy is real, said Toronto Liberal MP Adam Vaughan (Spadina-Fort York). Files from Toronto Star City Hall Bureau Tess Kalinowski is a Toronto-based reporter covering real estate.

Source: thestar March 14, 2019 19:52 UTC