Toronto Mayor John Tory aims to make affordable housing a key focus of his administration should he win a second term, the incumbent said in a speech before the Scarborough Business Association on Monday. “It’s a sign of a success in a certain way that more people want to come here… but the result has been that there are many people finding it very expensive to live in the city.”

In his address – given hours before the deadly van attack on Toronto’s Yonge Street
– Tory stressed the housing affordability is a very important need for both humanitarian and economic reasons. “We need for people to be able to afford to live in Toronto – no matter who they are or how much, or how little money they make. And that means, very simply, creating dramatically more affordable housing for people.”

Written by Paol Taruc
Canadian Real Estate Wealth Magazine

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