05 Jun Affordable units could soon become mandatory in all Toronto condos
Original article via Toronto Storeys. Click here to read.
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.