Huge Toronto project seeks to reignite the co-op housing model

The proponents of the most ambitious co-op building project to break ground in recent Canadian history hope the 612 affordable apartments will be the starting shot for a new era of co-op development in the country.

On Nov. 28, the federal government announced it was committing $289-million to finance the construction of Toronto’s Kennedy Green Co-operative, which aims to build three towers on land donated by the City of Toronto’s CreateTO housing agency (the land value is part of $35-million in grants and loans the city contributed to the project). The land is across from the Kennedy subway station at 2444 Eglinton Ave. E.