A bold new policy proposal from Community Living Toronto, titled Power of Place: Living Spaces, Thriving Lives, is challenging the status quo of Canada’s mortgage system. The organization is calling for a modernization of CMHC-backed policies to allow a single mortgage to cover multiple condominium units within a single development. Currently, financing barriers make it difficult for non-profits and housing providers to acquire units in mixed-use projects. With adults with disabilities being nearly twice as likely to face core housing needs compared to the general population, this shift could be a game-changer for inclusive vertical communities in the GTA. By reducing financing complexity, the proposal aims to make inclusive housing more scalable in the city’s rapidly evolving condo market. To learn more about how these proposed reforms could reshape the future of development in Toronto, read the full report at MPA Magazine.
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