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Toronto Mayor John Tory is backing a $23.4-billion city housing proposal over the next decade that would help prevent evictions and build new rental accommodation.

The city’s tab for the HousingTO 2020-2030 Action Plan would be $8.5 billion — $5.5 billion of which is already committed — plus $14.9 billion from the province and Ottawa, according to a statement Tuesday from the city.

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“This has to be a priority — we have to come together to support households who are struggling to pay the rent and keep, or put a roof over their heads,” Tory said in the statement. “Ensuring that residents in our city have access to housing will benefit our entire city.”

Toronto, North America’s fourth largest city, has 2.9 million people and some of the continent’s highest housing prices. The result is a homelessness and affordable housing crisis, according to David Reycraft, co-chairman of the HousingTO Action Plan external advisory committee.