A new cohousing development is in the works right here in Ontario. Located in Guelph’s Exhibition Park neighbourhood, this cohousing project is set to become Ontario’s second cohousing community. Dubbed Watershed Cohousing, this project will convert the property on the corner of Woolwich St and Mont St into a 6-unit community with a focus on sustainability.
The city of Toronto has been making moves to create supportive and affordable housing this week. Thanks to a new affordable housing initiative with a time limit on its funds, the city is attempting to tackle the ever-growing housing crisis we have in our city. Two buildings have been bought by the city with an announcement that they will be converted into 334 affordable and supportive housing units.
It’s January of the new year. While there are many things to be optimistic and hopeful about, from a real estate perspective, January is a tough month. Things are slow, supply is even more scarce and things can seem helpless. But that’s just January. Coupled with the state of the market in Toronto, things can seem bad but don’t fret too much. Plenty of good things are on the way.
