Toronto's 2023 budget includes over $2B allocated to housing initiatives, as affordability and supply continue to be hot issues across the city. cityoftoronto | Toronto housing budget TOpoli
, Toronto City Council finalized the 2023 budget.
“The 2023 tabled budget follows through on my commitment to protect the frontline services that Toronto residents and businesses rely upon, while investing in housing, transit and community safety,” said Tory in aCouncillor Gary Crawford, Chair of the Budget Committee, added that yesterday’s meeting was “the most challenging to date,” given persisting inflation and financial repercussions of the pandemic.
Given the immense pressures on renters in Toronto, the City will also be putting $7.08M into the Eviction Prevention Intervention in the Community program.Toronto Community Housing Corporation
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