Already a subscriber?It took “cold hard cash” to push Canada’s largest city into tackling a massive housing supply shortage. That’s one lesson Toronto’s former chief planner says Australia could learn as it attempts to correct a massive deficit in new homes in the next decade.
Toronto, along with several other major Canadian cities, face similar housing issues as Sydney and Melbourne. A big increase in population, trenchant opposition from residents and local councils, and an empty pipeline of new builds.reported that some of the Sydney suburbs where the NSW government wants to house a booming population have fewer than 100 apartments awaiting approval or in development.
Ms Keesmaat said some of Australia’s fund could be used to cajole local councils and their constituents, which would accelerate development pipelines by cutting red tape. The money could also be used by local councils to redevelop sites into housing. In Alberta, Edmonton Mayor Amarjeet Sohi said the same reforms – and federal government incentives – had meant more developments in his city.