This week’s news highlights critical friction between municipal governance and housing supply. Notably, Markham has forfeited over $7 million in federal funding after utilizing ‘strong mayor’ powers to block fourplex developments—a move that underscores the ongoing tension between local zoning decisions and federal housing mandates. Meanwhile, the region’s transit infrastructure faces significant pressure, with competing motions regarding the Scarborough LRT and operational setbacks, including service disruptions on Line 2 and the Finch West LRT. On the provincial front, Statistics Canada is launching an inquiry into the 84,000 Ontario homes currently held by corporate entities, a figure roughly equivalent to the entire housing stock of Markham. As transit connectivity and corporate ownership become central to the GTA housing conversation, stay informed on how these policy shifts impact your investment strategy. For a deeper dive into these stories, read the full update at UrbanToronto.
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