Press Release: BILD : BILD Urges Comprehensive Solutions To Address Cost to Build Crisis in Toronto

Toronto, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Greater Toronto Area, November 5, 2024 - In a deputation before the City of Toronto's Executive Committee later today, the Building Industry and Land Development Association (BILD) will be calling for a more robust approach to address pressing housing needs in the City of Toronto. The City's current proposal, "Expanding Incentives for Purpose-Built Rental Housing", is too limited and will not jump start the tens of thousands of stalled new rental and condominium units currently sidelined. The lack of a comprehensive solution is threatening the city's pipeline of future housing supply and setting up conditions to make the housing crisis worse in the years ahead.