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Toronto Housing Company was a product of a 1999 merger between the Metropolitan Toronto Housing Company Ltd. and the City of Toronto Non-Profit Housing Corporation (also known as Cityhome). [8] Cityhome was established in 1974 to provide affordable rental accommodation for low-income families.
To support affordable housing in 2001, the Canada Mortgage and Housing Corporation introduced Canada Mortgage Bonds, with a focus on low-cost interest rates and mortgages. [48] The Affordable Housing Initiative (AHI), operating from 2001 to 2011, was an intergovernmental multilateral housing initiative on affordable housing in Canada. [63]
In the Greater Toronto Area, there are 25 incorporated municipalities in either York Region, Halton Region, Peel Region, Durham Region or Toronto. According to the 2021 census, the Greater Toronto Area has a total population of 6,711,985. Municipalities in the Greater Toronto Area
Aurora (2021 population: 62,057 [2]) is a town in central York Region in the Greater Toronto Area, within the Golden Horseshoe of Southern Ontario, Canada. It is located north of the City of Richmond Hill and is partially situated on the Oak Ridges Moraine .
[61] [65] The Greater Toronto Area has the largest regional economy in Canada, with its GDP surpassing the Province of Quebec in 2015. [citation needed] A worker at Oakville Assembly installs a battery on a Ford Flex. In 2010, the automotive industry accounted for roughly 10 per cent of Greater Toronto's GDP.
During the 1970s several policies were implemented which focused more heavily on inexpensive rental accommodations, including the Assisted Rental Program and Canada Rental Supply Program. [3] Following changing policies and budget cuts in 1993, responsibility for housing transferred from federal to provincial, municipal, and local jurisdictions ...
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