"We're really happy to see these buildings online, we just need to create thousands more opportunities like this," said Richardson. "If there are 100 units available, then there are tens of thousands of people who are applying for those units."
According to the city's recent report, while housing approvals are on the rise, the rates of actual housing starts and completions are not keeping pace, highlighting a critical gap in the supply of affordable housing.
Toronto has set ambitious housing targets, increasing the goal for new rent-controlled units from 40,000 to 65,000 by 2030, but advocates argue that this number still isn't enough to meet the demand.
The affordable apartments being offered include various sizes and income limits, indicating a structured approach to tackling the housing crisis, but issues around availability remain pervasive.
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