Real Estate News

Affordable Units Could Soon Become Mandatory In All Toronto Condos


Photo by Nadine Shaabana on Unsplash

Finding an affordable condo unit in Toronto is a rarity, but that could change in the near future.

The city is considering implementing a new policy called inclusionary zoning, which would require all developers to include a set number of affordable units in their projects. The goal, of course, is to make rentals and homeownership more affordable and achievable.

“Inclusionary zoning is a critical piece for addressing housing affordability in this city, not just today but decades ahead,” Councillor Brad Bradford said on Tuesday at a housing committee meeting.

Continue to read on: Toronto Storeys

Share this News

Share