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The City of Toronto is determined to get more purpose-built rental housing into the pipeline and off the ground, according to a new staff report that was revealed to the public on Wednesday. The report, called Build More Homes: Expanding Incentives for Purpose-Built Rental Housing, throws out some b...| STOREYS
“Development charges increase the cost of homes for everyone. They are a housing tax. During a housing crisis, we don’t think you should raise taxes on housing,” said Housing Minister Sean Fraser of the City of Ottawa’s decision to increase development charges by up to 13% in May.The message, delive...| STOREYS
“The potential infill sites could accommodate an estimated 182,023 units, which was 4.5 times as many units as currently proposed at existing rental sites when including both purpose-built rentals and condos.”| STOREYS
Despite constant calls to build, build, build and a recent boom in purpose-built rental (PBR) projects, the narrative is still the same: Ontario is not building rental units fast enough to meet rising demand."Without a significant improvement in the economic feasibility of building purpose-built ren...| STOREYS
Understand housing affordability in Canadian real estate — how it's measured, why it matters, and what impacts access to affordable housing.| Storeys
Rental construction is having a “renaissance” in Canada, and we’re seeing that realized in starts, completions, and the uptake of multi-unit insurance products from CMHC.| STOREYS
A 49-storey, 631-unit mixed-use development from Fitzrovia was recently proposed for St Clair Avenue and Avenue Road, and it's chock-full of interesting features and amenities. Plans for the development were submitted in mid-November and are currently under review. If approved, the building would ...| STOREYS