Tory Announces 5 Point Plan To Build Toronto Homes Faster
Tory, who is seeking a third term, announced his first campaign policy about housing Tuesday morning, ahead of the municipal election in October. “ I believe we need to get more housing built, we need to get more affordable and supportive housing built and we need to have housing that is obtainable for middle class Torontonians,” Tory told reporters while at a housing construction site in Toronto’s Distillery District. Tory’s plan consists of five pillars: Expanding housing options by permitting “missing middle” housing Cutting red tape and speeding up approval times by creating a Development and Growth Division Asking the province to allow the city to enact a “use it or lose it” policy for developers sitting on approved, but undeveloped, land Allocating a portion of city-owned land to be developed by non-profits Incentivizing the construction of purpose-built rental housing by reducing fees and charges Tory says expanding “missing middle” housing will include legalizing laneway suites and garden suites, and exempting developments of four units or less from development charges....