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.

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