A CreateTO initiative that stands to bring hundreds of new rentals to the city; a zoning change permitting mid-rises as-of-right; a new take on an existing affordable rental development plan; a policy for renovictions that takes a cue from Hamilton.This week — on Thursday, June 13, 2024 — Toronto’s Planning And Housing Committee will meet for the month, and a number of important housing items are.
“Mid-rise buildings have heights generally no greater than the width of the right-of-way that the building fronts onto, up to 11 storeys,” afrom Voumvakis says. “Mid-rise buildings are encouraged along avenues designated 'mixed-use areas' in the Official Plan, with their physical form and relationship to their context informed by the 'Mid-rise Building Performance Standards Urban Design Guidelines.
With the rebrand will come a new framework “for prioritizing and recommending capital funding for affordable and RGI rental homes, up to a maximum of $260,000 per unit.” It also, “introduces a proposed program definition of rent-controlled homes where rent levels are higher than income-based affordable rents and at or below 150% of the average City of Toronto rent, by unit type, as reported annually by CMHC.
If Toronto is to take a cue from Hamilton, landlords will have to show proof that they are indeed renovating their property by providing a formal notice for demolition, repair or renovation purposes, landlords must apply for a renovation licence from the city.