“We have an agreement to purchase the property – we don't have $4 million,” Kevin Barrett, co-founder of the trust, told CTV News Toronto Monday. “So, we're in the midst of a fairly aggressive fundraising and community investment campaign.”, works to acquire local real estate in the area, taking it off the market and keeping it affordable.
“The thing about these kinds of purchases is that you have to be nimble, you have to be quick,” Dominique Russell, the trust’s other co-founder, added. So, after becoming aware that the two Kensington Avenue properties had been listed on the market, the group said they were quick to act. “We're trying to keep the neighborhood affordable, to keep the kind of mixed-use buildings that exist now,” Barrett said.
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