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Liberals and Tories demolished Canada’s legacy of social housing
(breachmedia.ca)
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I wouldn't say I'm "perfectly okay" with it, but I do feel a plan like yours is the "least bad option". For some of our housing supply, it might just be easier to build high-density on greenfield land rather than upzoning and running into NIMBYs. Paige Saunders has a great video which pretty much agrees with your comment.
The only thing I might change is which GO lines to build along as the Lakeshore lines are already the busiest in the system.