When Toronto city hall and the developer of a gleaming new high-rise launched a lottery for apartments at reduced rents this spring, hopeful households turned out in droves — nearly 12,500 of them, each seeking refuge from a worsening housing affordability crisis.
The first phase of the west-end Galleria on the Park development was offering brand-new, city-supported homes aimed at mid-income earners, which cost hundreds of dollars less than market rates.
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