Ontario Backs $1.3-Billion Push to Offload GTA’s Condo Glut as Rentals

Ontario’s provincial infrastructure bank and a private investment firm announced March 10 a $1.3-billion fund to buy unsold condominiums across the Greater Toronto Area and convert them into long-term rentals — with a slice set aside as permanently affordable housing. The deal pairs High Art Capital with the Building Ontario Fund, a Crown agency the […] The post Ontario Backs $1.3-Billion Push to Offload GTA’s Condo Glut as Rentals appeared first on the deep dive.