A new report from Urbanation and CIBC Capital Markets suggests that more than half of investors who use condos as a rental property lost money last year; Toronto’s leading mayoral candidates are all dealing with a similar question, how to manage the City’s Billion dollar budget shortfall; critics of the dissolution of the Peel Region warn that the move will not ease housing crisis and could further encourage sprawl; and other news.
More than half of condo investors are losing money — and that’s going to hurt renters (Toronto Star)
Toronto’s billion-dollar budget gap looms in the background of mayoral byelection (CBC)
Move to dissolve Peel Region reflects shift away from regionalism in Ontario, experts say (Globe and Mail)
Toronto city council voted against more gas-plant production. The province is making it happen anyway (Toronto Star)
Petition calls on Metrolinx to build promised pedestrian path under GO train bridge (CBC)
What I saw riding the 505 Dundas streetcar in Toronto (Globe and Mail)
Developers skipped the bill on necessary repairs to a Toronto shelter for women and non-binary people fleeing violence, city alleges (Toronto Star)
Pride organizers appeal for more funding as rising security costs could dampen festivities (CBC)
Despite plans, Ottawa has not tightened affordability rules in rental construction program (Globe and Mail)
More jobs. Healthier cities. More money in our pockets. So why the struggle to embrace clean energy? (Toronto Star)
Construction work starts on 24 Sussex — but its future is still in doubt (CBC)
York Region to consider vacant homes tax to fight speculation (Global News)