“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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A section of Kensington Market will soon be owned by the community — if they can foot the $4M billTwo buildings in Toronto’s Kensington Market have been acquired by the local land trust, moving them into the hands of the community in a bid to keep them affordable – now, they need to secure the funds to foot the $4 million bill.
Source: CP24 - 🏆 30. / 67 Read more »
Stablecoin outflows diminish, signaling potential shift in market sentimentStablecoins are a window into the market's true sentiment. Recent data shows a decline in outflows, hinting at a potential shift towards a bullish outlook and market rebound.
Source: CryptoAmb - 🏆 22. / 68 Read more »
FOMO is returning to Canada's housing marketJohn Pasalis of Realosophy Realty talks about the housing market, and how low supply is sparking bidding wars and rising prices. Watch here.
Source: financialpost - 🏆 7. / 85 Read more »
Stock market today: World markets mostly higher; Turkiye, Thailand slip after electionsWorld shares were mostly higher Monday after a weak start in Asia, while benchmarks fell in Turkiye and Thailand following weekend election upsets for their ruling parties.
Source: CTVCalgary - 🏆 26. / 68 Read more »
Canadian plywood makers seek duties as cheap Chinese rivals carve out half the market - BNN BloombergThe plywood industry has been in contraction, a process that accelerated in the last 15 years when Chinese exporters ramped up their presence in Canada, head of Canadian Hardwood Plywood and Veneer Association says.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Real estate: Home prices rebound as spring market picks up - BNN BloombergA recovery in Canadian home prices accelerated in April, as warming weather brought a surge of buyers back into the market to compete for a limited number of properties.
Source: BNNBloomberg - 🏆 83. / 50 Read more »