Toronto – In response to the ongoing housing crisis in the city, Toronto City Council has approved three new staff-recommended initiatives – including Purpose-built Rental Housing Incentives and the Rental Renovation Licence Bylaw – to help increase housing supply, housing choices and affordability for current and future residents. Torontonians continue to grapple with the rising cost of housing made worse …
Ontario Begins Audit of Municipal Finances
Findings will support provincial work to boost housing supply and affordability TORONTO — Ontario has selected a third party to audit the finances of six municipalities as part of its ongoing work to build 1.5 million homes by 2031. Following a competitive procurement process, Ernst & Young LLP has been retained to examine the finances of the City of Toronto, …