High Art Capital has launched its GTA Rental and Affordable Housing Initiative, a $1.3 billion fund created to acquire blocks of newly completed, unsold condominium units across the Greater Toronto Area for conversion into long-term rental housing.
GUEST SUBMISSION: Over the past two decades, condominium development has dominated Toronto’s housing landscape. It shaped our skyline, fuelled growth and, particularly in the last decade, became the city’s de facto rental supply through an investor-driven, shadow rental market.
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