HousingNowTO
Senior Member
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 negotiated deal on PRIVATE lands — given that it is within Golden Mile - and local city planners / councillors are only just starting to understand the affordable-rental opportunities in Transit-Oriented tower developments along the Ontario Line.
