United Way Greater Toronto reposted this
Wondering why community service providers like food banks & job centers are closing? Since 2020 Toronto industrial rent has jumped 100% while commercial rent is up 67%. Food banks, job centres, immigrant service providers and others have been displaced at alarming rates. But there's hope! To combat these non-profit displacements (who are often in industrial/commercial zoned space) United Way Greater Toronto is buying $100M of property to keep needed community orgs operating. The best way to avoid rent increases is to own your property - I'm glad United Way is making a generational investment in this idea. It'll provide Torontonians with a stronger social fabric and access to safety nets we may all need at some point or another in our lives. 🔗 - https://lnkd.in/gC-bQ-nA
