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Toronto to vote on housing plan for major streets amid opposition
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Toronto to vote on housing plan for major streets amid opposition Toronto councillors are considering a plan to allow more townhouses and small apartment buildings on major streets. The proposal aims to relax zoning bylaws to permit buildings up to six storeys high. Some groups are pushing for more consultation and adjustments to the plan, while concerns about fin...

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Toronto neighbourhoods have found new way to keep homes and businesses affordable
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Toronto neighbourhoods have found new way to keep homes and businesses affordable Multiple Toronto neighbourhoods, including Chinatown, Kensington Market, Parkdale, and now Little Jamaica, are using Community Land Trusts (CLTs) to preserve local businesses and affordable housing. The Little Jamaica Community Land Trust (LJCLT) was recently launched to protect vulnerable residents...

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Toronto looking at creative solution to the vast amounts of vacant office space in city
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Toronto looking at creative solution to the vast amounts of vacant office space in city Toronto is facing a significant issue with vacant office space, prompting the City to explore options such as converting the space into housing. With a large amount of empty square footage, the City is seeking public input on potential solutions. However, the conversion process is costly and irrever...

Toronto's vacant home tax to continue with major revisions
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Toronto's vacant home tax to continue with major revisions Toronto's vacant home tax will continue despite opposition from five councillors, but changes are planned for the 2024 taxation year. Mayor Olivia Chow acknowledged the program's flaws and promised improvements. Late fees will be waived for those who missed the occupancy declaration deadline, and re...

Toronto's downtown in major trouble as office vacancy soars to worrying new heights
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Toronto's downtown in major trouble as office vacancy soars to worrying new heights Downtown Toronto is facing a decline with 18% of offices sitting vacant in the first quarter of 2024. The city's office vacancy rate has been increasing due to new office buildings coming online and tenants reducing sublets. Future projections suggest a continued surplus of unoccupied office space u...

Toronto Homeowners Face Unexpected Vacant Home Taxes
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Toronto Homeowners Face Unexpected Vacant Home Taxes Many Toronto homeowners are facing unexpected vacant home taxes due to a declaration deadline that was not clearly communicated by the City. Owners must confirm occupancy of their property to avoid a municipal tax. Social media is filled with complaints from affected individuals.