City can buy rooming house in the west to keep rooms affordable, adviser says
The city of Toronto is able to buy a rooming house in the west and a downtown councilor says he fully supports the plan because Toronto is in dire need of affordable housing.
Com. Joe Cressy, who represents Ward 10 Spadina-Fort York, said city staff confirmed the city has entered into an agreement that gives him the first right of refusal to purchase Parkview Arms, a rooming house at 935 St. Queen West, across from Trinity-Bellwoods Park. It contains 58 rooms.
Mayor John Tory’s executive committee will consider the matter at its meeting on Wednesday. Depending on the committee’s decision, the item will be considered by the board on November 9th.
“By purchasing Parkview Arms, the City will be able to ensure that the property and the rooms remain affordable,” Cressy said in a statement.
Cressy said Toronto lost 266 affordable rooms in rooming houses from 2014 to 2016. The properties were sold and refitted.
Acquiring properties like Parkview Arms will help the city preserve and protect existing affordable housing, he said.
“Toronto is in the throes of an affordable housing crisis. By acquiring properties like Parkview Arms, we can proactively ensure that valuable affordable housing in our downtown communities is not lost, ”he said.