Bay Street has no Business at Dundas and Sherbourne

230 Fightback is fighting an epic battle against KingSett Capital who want to build a luxurious condo tower on the contested properties of 214-230 Sherbourne in Toronto. The three rooming houses that sat on the properties were boarded up in 2008. After a decade long struggle to get the city to expropriate the properties, the city put in a bid to purchase 214-230 Sherbourne last year to build social housing on the land only to be outbid by KingSett Capital, who paid $53-million for the empty lots and a boarded up rooming house.

On Saturday June 10 (1 pm), we will be rallying at Dundas and Sherbourne and marching on KingSett’s office and then to the Fairmont Royal Hotel. KingSett owns 60 percent of the hotel. We won’t be pushed out.

We are calling Councillor Chris Moise and the city to negotiate the purchase of 214-230 Sherbourne with Jon Love, CEO of KingSett Capital, and if Jon Love refuses to negotiate then we are demanding that the city immediately begin the expropriation process for the properties.

Canada is facing one of its worst housing crisis since the Second World War. Dundas and Sherbourne is at the epicenter of this crisis. We are calling on all three levels of governments to develop a public housing program to build publicly owned housing in municipalities across the country. Housing is a necessity not a commodity!