issued today. “By cutting taxes in half for new apartments, we can shift the supply of housing from investment-driven condos to purpose-built rentals.”
Matlow has not shied away from proposing divisive, housing-related policy changes since launching his campaign in Marchto fund several improvements across the city. Following that, Matlow proposed the creation of Public Build Toronto with the hopes of generating 8,250 rent-controlled market apartments and 6,750 affordable apartments, including 750 deeply affordable units for Torontonians on very low or fixed incomes.
As well, to improve apartment affordability, Matlow has spoken of putting $50M towards the purchase of affordable apartment buildings that are “under threat” with the end goal of handing off those buildings to non-profit operators.Zakiya is a staff writer with STOREYS. She has reported on real estate for Apartment Therapy, Curbed, and Post City Magazines, and writes a quarterly series for a Canadian design publication.