Toronto’s city staff will explore if the city can make developers double the number of rental units in a new development after knocking down an apartment building.
After Saxe’s motion was introduced to city council, it was amended by Coun. Chris Moise to touch on the rent gap issue. The motion will now also instruct staff to examine the feasibility of including secondary market data in rent gap payment calculations. The Canada Mortgage and Housing Corporation says secondary market rentals include things like houses, condos and duplexs, among other things.