Yes, but I think that $1,427 per month has to be INCLUSIVE of Utilities the way the City uses AMR on these OPEN DOOR supported developments...
...or you have to deduct a UTILITY ALLOWANCE of up to $119 per month from those AMR rents.
City Rents and Allowances (2024) -...
[Apr. 2023] Dakota Brasier, the press secretary for Minister of Transportation Caroline Mulroney, did not directly respond to concerns that the government was not doing enough to build affordable housing.
Braiser said in a statement that Metrolinx first offers the land to "a list of public...
[Sept. 2023] The ministry stopped short of saying whether affordable housing would be a mandatory component.
"The province will be seeking opportunities to work with the building partner to deliver affordable housing through the commercial agreement, including the potential to provide...
BEACH METRO NEWS story from April 17th - https://beachmetro.com/2024/04/17/transit-oriented-community-plan-aims-for-higher-densities-on-pape-avenue-along-ontario-line-subway-route/
Assuming this is the first 50% of the units as committed in 2022 - deal is approx. ~3.5% of total new residential units in this Block, to be rented at (or below) 100% City-Wide CMHC average market rent (AMR) for a period of 40-years from the date of first-occupancy.
Honestly, an above-average...
...the portal is OPEN to book appointments and tours for MARKET-RENTAL units...
Starting this week - https://calendly.com/toronto-leasing/mirvish-village?month=2024-04