Toronto breaks ground on massive co-op housing development
AI Article Summary
Toronto has initiated construction on Kennedy Green, Canada’s largest co-op housing project in recent times, set to provide 612 new homes. Located next to the Kennedy GO and TTC Station on city-owned land, the development offers both affordable and market rent-controlled co-operative housing. This project marks a significant addition to Toronto's housing landscape.
What This Means for Canadian Contractors
This project shows how public land can be leveraged for large-scale, affordable housing initiatives, potentially easing pressures on city housing markets. For Canadian builders, this means a need to focus on collaborative models and understanding co-operative housing dynamics. The project could also influence future funding approaches and permit processes by highlighting successful partnerships between municipal bodies and developers.
