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City of Toronto Buys First Two Buildings Under Canada's Rapid Housing Initiative

Former Hotel and Senior Residential Housing Complex To Be Converted Into 334 Units of Affordable Housing
This hotel and mixed-commercial property at 222 Spadina Ave in downtown Toronto was one of the first acquired by the city under Canada's new Rapid Housing Initiative. (CoStar)
This hotel and mixed-commercial property at 222 Spadina Ave in downtown Toronto was one of the first acquired by the city under Canada's new Rapid Housing Initiative. (CoStar)
By Demi Xie
May 14, 2021 | 8:42 P.M.

The City of Toronto moved forward to acquire the first two properties under the Government of Canada’s Rapid Housing Initiative.

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