Two Housing Crises In One City
I’ve previously written for Canadian Dimension about a housing struggle I am involved in around a vacant site in Toronto’s Downtown East. Our community-based organization, 230 Fightback, is challenging the developer KingSett Capital’s plans to build luxury housing at 214-230 Sherbourne Street, and demanding that social housing be created instead.
Faced with relentless community pressure and a faltering housing market, KingSett offered to sell the site to the city but only at a price that would cover the costs of its speculative antics. For its part, city hall adamantly refused to apply the kind of pressure that could compel the company to reduce the price.