Ontario Mortgage & Real Estate Insights Podcast
We cover the daily developments, trends, and regulatory changes affecting the industry, powered by an AI Steve Hamoen. Get insights sourced from reputable news outlets to help you stay informed and make well-informed decisions.
Toronto's Major Transit Station Areas And Protected Major Transit Stations Areas Get The Final Stamp
In this episode, we start with a welcome and provide updates on Toronto's urban planning. A sponsor message from Real Approved Inc. follows. We then discuss Official Plan Amendments and zoning by-laws, highlighting their impact on the city's development. The episode examines the balance between affordable housing and regulatory measures, emphasizing the need for strategic planning. We explore housing targets and the importance of collaboration between government entities to achieve these goals. The episode concludes with closing remarks, summarizing the key points discussed.
Key Points
- The Minister of Municipal Affairs and Housing has approved several Official Plan Amendments that will significantly impact development around transit stations in Toronto.
- The inclusionary zoning by-law is coming into effect in certain areas, requiring developers to include affordable housing in their plans, though the city's by-law hasn't been updated to match provincial regulations.
- The province and city have collaborated to increase Toronto's housing target to 1.5 million homes, aiming to meet growing demand and create vibrant communities.
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Transcript
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