Eligibility
308 Parkside offers below-market suites with rents set using established affordability guidelines and local market data. These homes will be offered through a random selection process. To participate, eligible households must complete an Expression of Interest.
Status in Canada
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All household members must be one of the following:
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Canadian Citizen
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Permanent Resident of Canada (or have applied for permanent residency)
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Refugee Claimant or Convention Refugee
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Household Size Requirements
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Each household must have a minimum of one person per bedroom. Spouses and Common-Law Partners must share a bedroom.
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At least one member of the household must be 16 years of age or older.
One-bedroom
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Minimum: 1 occupant
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Maximum: 3 occupants
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Two-bedroom
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Minimum: 2 occupants
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Maximum: 4 occupants
Household Income Requirements
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Household income is based on Line 23600 of the Canada Revenue Agency (CRA) Notice of Assessment for all household members age 16 or older. Eligible household incomes at or below $115,460 are eligible for all unit types.
One-bedroom Suite
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Number of units available: 10
Monthly rent: $1,610
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Two-bedroom Suite
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Number of units available: 6
Monthly rent: $1,900
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Other Requirements​
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To be eligible, members of the household must not:
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have an enforceable removal order against them
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have an active eviction order against them
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own property suitable for year-round occupation at the time of move in
Below-market Rent and Utilities
Monthly rents for below‑market homes at 308 Parkside are set using affordability guidelines and local area data to support long‑term affordability for local households within a moderate income range.
Rent Increases
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Annual rent increases are subject to Ontario’s Annual Rent Increase Guideline. In Ontario the Guideline is based on inflation and the maxmium increase is 2.5%.
For more information please visit Residential rent increases | ontario.ca​
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Utilities
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In addition to monthly rent, residents will be responsible for setting up and paying utilities (electricity and water) directly through a designated third-party provider.
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Sustainable design at 308 Parkside and individual utility metering provide residents more control over their utility usage and monthly costs.
Tenant Insurance
​All tenants will be required to carry maintain valid tenant insurance.