“We have an affordable housing crisis,” Cressy told CBC Toronto.
Posted on July 28, 2019 in News
A Toronto city councillor is slamming the Crown corporation that helps sell federally-owned properties for trying to sell a prime parcel of downtown land without ensuring the redevelopment will be used to create new affordable housing.
Coun. Joe Cressy is now trying to make sure the Canada Lands Company pumps the brakes on any sale of its property at 200 Queens Quay West to ensure that mandate can be included.
The federal government says the property was initially transferred to Canada Lands by the previous Conservative government, and now its hands are tied — leaving two levels of government pointing the finger at each other while the city remains starved for cheaper housing.
