brought forward by Councillor Ana Bailão, and subsequently passed by Council, provides exemptions for multiplexes with four or fewer units so that development charges would be waived on second, third, and fourth units on a single property.
“Anytime that you’re moving to reduce added costs on homes, it’s a positive thing,” Sherwood said. “After HST, development charges are the second-largest charge that go into it, so obviously it’s a welcome change.” Members of the Ontario Landlord Association feel the same way, with a spokesperson confirming to STOREYS that in a recent discussion with members, “the consensus is the exemptions are helpful and are a good start to encourage more landlords to invest in and build. But it’s only a first step and not a game-changer.
Sherwood points to the province’s Affordability Task Force recommendation to allow as-of-right zoning for residential housing up to four units, and up to four storeys, on a single residential lot as an important consideration. Although this idea of allowing increased density within residential neighbourhoods has received inevitable NIMBYism-fuelled pushback, Sherwood says it is as a positive, and logical, next step.
“The city allows for developers to redevelop massive shopping malls — Woodside Mall, Bridlewood Mall, Agincourt Mall, Malvern Mall — but they don’t give them any incentives or mandatory requirements to build purpose-built rental buildings,” Sriskanda said. “The City is continuing to expect small mom and pop landlords to carry the burden of providing housing while the big institutional developers are redeveloping massive parcels of land with little to no requirements of rental units.
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