Ontario premier, Toronto mayor to provide update on city’s housing progress
Ontario Premier Doug Ford and Toronto Mayor Olivia Chow are set to provide an update Thursday on the city’s progress toward reaching its housing target.
The pair are scheduled to speak at a 1:30 p.m. news conference at Toronto city hall. They will be joined by Paul Calandra, minister of municipal affairs and housing.
You can watch the update live in the player above.
As part of its effort to build 1.5 million new homes in Ontario by 2031, the Ford government set specific housing targets for 50 of the largest municipalities across the province. Toronto’s share is 285,000.
According to the province’s housing tracker set up last year, the city exceeded its mandated single-year 2023 goal by 146 per cent. There were some 30,516 housing starts in Toronto last year, while the target was set at 20,900.
Meanwhile, Chow’s executive committee approved a city staff report last October that outlined how Toronto could potentially build 65,000 new rent-controlled housing units in coming years. The plan hinges on billions of dollars in funding support from both the provincial and federal governments.
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