The Housing Now Initiative is investing in City-owned lands across Toronto to build affordable housing and mixed-income, livable communities near transit.
Housing Now will create a mix of affordable rental, market rental and ownership housing options to serve Toronto residents. The new affordable rental homes will remain affordable for 99 years, providing quality affordable housing for future generations. The affordable homes will be affordable for households earning between approximately $21,000 and $56,000 per year.
Housing Now is one component within the City of Toronto’s HousingTO 2020-2030 Action Plan to address the full spectrum of housing issues in Toronto.