34% of Toronto City Council donors have real estate development ties: report | Urbanized
34% of Toronto City Council donors have real estate development ties: report
More than a third of Toronto City Council campaign donations came from donors with ties to the real estate development industry, a new report from ACORN Canada found.
ACORN Canada, a national organization of low- and moderate-income families, found that of the more than $4 million in donations given to winning candidates in the last City Council election, 34% came from people with personal or professional ties to the development industry — a total of $1,374,725.
These donors include people connected to firms, industries, and businesses with financial interests in planning, building, and selling properties and buildings.
“We do not believe any other industry is as invested in donating to municipal elections, nor in helping to elect or …
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