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Impressive Toronto proposal might actually be a place people can afford to live

Declining housing prices have, thus far, failed to bring Toronto homes back to a level where the average resident can afford to purchase, but even people just scraping by might soon be able to call this striking new development home.CreateTO, an agency that manages the City's real estate assets, has applied to bring an impressive new complex to an underutilized site next to Fairbank Station on the still-unopened Eglinton Crosstown LRT.The new two-building complex from Montgomery Sisam Architects at 9 Shortt St. (no, that isn't a typo) aims to transform a City-owned parking lot with a 41-storey tower and a six-storey mid-rise.The August rezoning application comes roughly four years after the site was first identified as one of 39 potential affordable housing sites under City ownership in 2021 — part of a broader plan to leverage property assets and inject thousands of affordable rentals into the local housing market.CreateTO revealed the design for the project this summ...


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