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The World Cup Promised $3.8 Billion — Here's What Canada Actually Got

       Monday July 13, 2026 FIFA promised Canada a $3.8-billion economic windfall for hosting the 2026 World Cup. Two weeks into play in Toronto, the receipts tell a very different story — and there's a lesson in it for anyone thinking a "big event" boost is coming to their city, their rental property, or their business. The Billion-Dollar Bill Came First Before a single ball was kicked, Canadian taxpayers were already on the hook. According to the Parliamentary Budget Office, governments across the country will spend roughly $1.07 billion hosting the 2026 tournament. Toronto alone budgeted $380 million to host six matches at BMO Field. British Columbia's tab for Vancouver's seven matches at BC Place came in even higher, at about $578 million. Ottawa is chipping in $473 million of that total — including $220 million in direct grants to Toronto and B.C., plus another $145 million earmarked for security costs during the tournament. Net of federal help, Toronto and B...
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Toronto Greenlights Bigger Apartment Buildings Near Transit to Tackle Housing Crunch

 

Toronto is set to see a major shift in its skyline and housing supply, as the Ontario government has approved changes to the city’s official plan that will allow for significantly taller and denser apartment buildings near 120 major transit stations.

The move is designed to help the city accommodate more than 1.5 million additional homes over the next 25 years, while making it easier for residents to live close to reliable public transit. Under the updated rules, high-rise towers will be permitted “as of right” in certain areas, alongside mid-rise and low-rise multiplexes in surrounding neighbourhoods.

Mayor Olivia Chow called the plan a bold step toward addressing Toronto’s housing crisis, noting that building near transit will also help reduce traffic congestion and cut commute times. Housing Minister Rob Flack emphasized that the changes will speed up construction, create thousands of jobs, and align with the province’s multi-billion-dollar transit expansion program.

While some transit station areas remain under review, the approved framework marks one of the most significant housing policy shifts in Toronto’s recent history — aiming to pair rapid transit access with much-needed housing growth.


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