Toronto approves 24,800 new homes, Green Lights Anti-Renovition Policy

Written by
Laura Hanrahan

The City of Toronto will get more than 24,000 new homes thanks to the sweeping approval of dozens of developments at the last City Council meeting.

The four-day meeting saw Council give the green light to 24,829 homes, including 2,060 affordable homes and 2,413 purpose-built rental units. Approvals also included 775 replacement units, 12 new parks and four new private spaces accessible to the public.

“We are doing everything we can as a municipal government to get more housing built, including more affordable housing and more supportive housing,” Mayor John Tory said. “We must continue the progress we are making in creating housing options for current and future residents of Toronto and commitments to improving housing affordability and helping those who need it most. I am committed to continuing to work with Council, other governments and our community partners to get many more homes built as quickly as possible.

Housing was the focus of the lengthy Council meeting, with several new policies coming into effect to protect tenants. In an attempt to prevent renovations, City staff have been ordered to create a new bylaw that would require all landlords to obtain a building permit before taking any steps to obtain vacant possession of a rental unit. to carry out repairs or renovations. Tenants should also receive a copy of the City’s Tenant Eviction Prevention Handbook to ensure they know their rights. The City will also establish a Housing at Risk Table to support tenants and help prevent renovations.

Changes have been made to Toronto’s rent-geared-to-income rules, adding two new priority groups. The first group is for tenants currently living in supportive housing who no longer require support. The second is for Indigenous people living in Toronto — a move that supports the City’s goal of providing at least 5,000 new affordable rental units to Indigenous communities.

Big changes have been made to the development fees that builders will have to pay before receiving their building permit, almost doubling the fees in some cases. But an amendment introduced by Deputy Mayor Ana Bailão exempts multiplexes of four or fewer units from development charges in a bid to encourage missing mid-rise housing in low-rise neighborhoods.

“I’m proud of the work we’ve done to advance affordable housing across the city during my time on council and as chair of the planning and housing committee,” Bailão said. “The number of affordable housing units approved at the Council meeting is unprecedented and impressive.”

In fact, Toronto will begin to prioritize affordable housing even more. A new program called Concept 2 Keys was also adopted at the meeting and will create a review stream for development applications that prioritizes affordable housing applications.

Written by
Laura Hanrahan

Laura has covered real estate in Toronto, New York, Miami and Los Angeles. Before coming to STOREYS as an editor, she worked as an urbanized editor in Toronto for Daily Hive.

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