Chow sets out 'first step' in affordable housing plan, ups target by 25,000 homes

Toronto Mayor Olivia Chow presented on Thursday what she called a"first step" in her bid to build 25,000 affordable rental homes, in addition to those already planned for the city.

That's on top of the 40,000 affordable rental units the city has already committed to building by 2031. The motion, which will be considered at a special meeting of city council on Sept. 6, asks staff to report back by the end of the year on its efforts to align the city's resources and find suitable parcels of land for the homes.

A commercial parking levy was another proposed revenue tool, with transit advocates and business lobby groups offering competing views on the measure when it was discussed Thursday.

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