Ground has broken on Toronto’s first Housing Now project, five years after City Council approved a plan to use surplus City of Toronto-owned lands to build affordable housing and mixed-income communities near transit.
On Wednesday, politicians and stakeholders gathered to symbolically put shovels in the ground at a new 725-unit rental housing development at 5207 Dundas St. W. in Etobicoke.
This new development is located on one of seven parcels of an 18-acre site in the former Six Points area, which is also known as “Spaghetti Junction.” The city invested $77 million to decommission the complex interchange and transform it into a new network of streets. “With its decision earlier this spring, Toronto City Council created a path forward for this site and I'm incredibly proud of the team at CreateTO as well as our colleagues at the Housing Secretariat and city planning for their efforts in getting us to where we are today,” he said during a news conference.
“This development, the first of its kind in our Housing Now pipeline, is a tangible representation of the progress to creating more diverse, inclusive, affordable, and mixed-use communities near transit. That's what it's all about,” he said, pointing to many other provincial and federal lands that could also be unlocked to create new housing options in Toronto.
Coun. Paula Fletcher, also a board director with CreateTO, reiterated that this project is the first of many to build “much-needed affordable housing” in Toronto, to transform “precious city lands for a higher purpose.” “That's where we'll put some pressure on to say follow our great example here in Etobicoke. It's going to be fantastic.”
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