Toronto councillors will consider a plan to convert some city-owned lots to build housing a meeting later this month.
Toronto’s push to address its mounting housing crisis could see it convert parking lots on prime land across the city to build new homes.Toronto councillors will consider a plan to convert some city-owned lots to build housing at a meeting later this month. Toronto's push to address its mounting housing crisis could see it convert parking lots on prime land across the city to build new homes.
Chow acknowledges that re-purposing city parking lots to create more dense communities, specifically around transit stations, has been planned for decades. But, she says progress has been frustratingly slow and this city council needs to change that. "At Council's direction, the shift away from parking accommodation to housing and community service accommodation at these parking lots could provide a significant pipeline of City-owned lands to meet the City's housing and other goals," staff wrote in the report.
The provincial government has set an ambitious target of building 1.5 million new homes by 2031, and it's given municipalities across Ontario specific goals. Toronto city council endorsed a plan to meet its target of 285,000 new homes.At the same time, council has adopted a plan from Chow to build 65,000 new rent-controlled homes. Under that, a number of city-owned parking lots are already being converted to housing.
"So, we have to strike that balance in terms of, obviously housing is a priority, but we also need to understand that people need to park."Toronto’s soaring rental prices continue to make the city unaffordable for many. CBC Toronto’s Shannon Martin explores what’s at stake for the future of the city if prices don’t get under control.
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