Critics say plan would discourage “desperately needed” new investment in rental housing and leave property owners holding the bag for rising utility costs and taxes.
Toronto developer wants to build three highrises of 23, 29 and 35 storeys with about 930 residential suites on the former site of the Alterna Savings and Credit Union.
Continuing a recent trend, most of the year-over-year increase was driven by construction on the Ottawa side of the river, where overall starts jumped 24 per cent to 740.