TRREB Statement on Toronto Council Motion to Allow Six-Storey Residential Buildings on Major Streets
21 Mayo 2024 - 2:36PM
With so many people struggling under the weight of the
affordability crisis, the City of Toronto needs its elected leaders
to step up and deliver policy action that is going to make a
meaningful impact where it matters most. For families and
individuals, housing is often the biggest monthly cost. To increase
affordability, City Council must prioritize building more homes
people can afford, faster.
The proposal to permit townhouses and small six-storey
residential buildings on designated major streets is a promising
public policy that will cut through red tape to get more affordable
homes built faster. The Toronto Regional Real Estate Board (TRREB)
is leading the way in calling for more as-of-right zoning in our
City. This approach encourages more gentle density in existing
communities and makes it easier for developers to build
family-friendly homes. The proposal before City Council will upzone
major streets, put more homes closer to transit, and enable
builders to create more multi-family housing.
TRREB urges City Councillors to get behind a planning policy
that provides for a full range of housing options for Torontonians.
City Council should know that this initiative is in perfect
alignment to meet the agreed upon goals when receiving the $471
million from the federal government as a part of the Housing
Accelerator Fund by streamlining zoning bylaw approvals,
eliminating barriers to build the housing we need, and allowing
increased housing density.
City Council must think big and be bold in their approach to
building housing by going further and supporting additional motions
that enable more units along major streets to ensure their
financial feasibility. By supporting the motion on six-storey
as-of-right developments, we can take meaningful strides towards
building a more vibrant, inclusive, and sustainable Toronto.
Read TRREB’s full Major Streets submission.
Jennifer PearceTRREB
President
Media Inquiries:Maria
Karafilidis, Manager, Public Affairs
maria.karafilidis@trreb.ca 416-443-8139
The Toronto Regional Real Estate Board is
Canada’s largest real estate board with over 70,000 residential and
commercial professionals connecting people, property and
communities.
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