Toronto breaks ground on 74 new rent-controlled homes in Trinity-Bellwoods

The City of Toronto broke ground Monday on 74 new rent-controlled homes at 1113–1125 Dundas St. W., at Dundas and Ossington, transforming a former municipal parking lot into affordable housing for low- and moderate-income residents.

At least 17 of the units will be affordable, with more than 40 per cent of all units offering two or three bedrooms. The project uses mass timber construction and geothermal energy to reduce carbon footprint, supporting the city's climate goals alongside its housing targets. CreateTO is leading the development, and the city will select a non-profit housing provider to manage the building once complete.

The project draws funding from the City's capital budget and the Government of Canada's Build Canada Homes program. It's one of several sites in the city's portfolio being redeveloped to create mixed-income rental housing on city-owned land. As HighOnCity reported in June, rents have been falling as new condo units flood Toronto's market — a trend that underscores why new non-market rental housing matters.

The development contributes to the city's HousingTO Plan target: 65,000 new rent-controlled homes by 2030, including 41,000 affordable rental units. The city has not disclosed the affordability rent levels for the affordable units or the maximum rents for the rent-controlled units, or the timeline to completion.