Toronto/CMEDIA: A plan reportedly developed in consultation with City of Toronto officials for greater density and taller buildings near 120 transit stations across Toronto has been approved by the Ontario government.
Aligning new home building with Ontario’s historic investments in new and expanded transit throughout Toronto would help people get around more conveniently than before.
These amendments not only facilitate building over 1.5 million more homes throughout the city over the next 25 years, but also creating good-paying jobs and attracting investment.
“I commend Mayor Chow for partnering with us on a bold, shared vision…the changes we are announcing today…are vital steps in our plan to protect Ontario’s future by getting shovels in the ground and building homes faster to meet the needs of our growing population,”said Rob Flack, Minister of Municipal Affairs and Housing.
Made in collaboration and consultation with the city, these amendments to Toronto’s official plan will help more people find a home they can afford and reduce gridlock in the city by making it more convenient for people to use transit.
Challenged with U.S. tariffs and economic uncertainty, these changes will also drive economic growth in Toronto by creating tens of thousands of jobs in construction and the skilled trades.
“Toronto needs more affordable housing…by cutting red tape to build more homes near transit to support our city’s growth…providing new residents with convenient and reliable transit options…reducing gridlock and getting Toronto moving…as we build for the future in Canada’s largest city,” said Olivia Chow, Mayor of Toronto.
