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Toronto Needs More Mid-Rise Condos

"The GTA is plagued by “dead zones” along many of its major streets that could become affordable new family-friendly neighbourhoods and vibrant shopping areas if rezoned for desperately needed mid-rise condo projects.

Whole stretches of prime real estate — especially along key transit routes like the Bloor-Danforth subway — are hobbled by outdated zoning and low-rise buildings that would make ideal spots for five- to 11-storey condo complexes and new walkable, transit-oriented neighbourhoods, notes a new report being released Friday.

The report, the first of many in the works, sees boosting the supply of mid-rise housing as one of the most easily tackled problem. It suggests five strategies — from blanket rezoning of main streets to ease approvals for mid-rise projects, to making any new SmartTrack or LRT financing conditional on the new routes being “up-zoned” for higher density, family oriented rental and ownership projects, as has been done along the St. Clair Ave. W. streetcar line."

Full Toronto Star article

Source:  Susan Pigg, Toronto Star

 

If you want to buy or sell a Toronto condo or loft, contact Casey Ragan at 416-486-5588 or by email at casey@remaxhallmark.com

 

Casey Ragan

“Toronto’s Condo Authority”

Toronto Condos and Lofts

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Toronto Real Estate Board - IDX Last Updated: 8/19/2017 6:34:46 AM