TRREB to Host Fireside Chat with Mayor John Tory Tomorrow

Ahead of this fall’s municipal election, Mayor John Tory will be sitting down with Toronto Regional Real Estate Board (TRREB) leadership for a fireside chat.

The event, to be held tomorrow, will include remarks from Tory and a discussion with TRREB President Kevin Crigger and TRREB CEO John DiMichele. The event will broach various municipal matters facing the City, including housing affordability and supply, transit and transportation, home energy rating and disclosure program, and taxation issues.

We heard from Tory earlier this summer on some of these challenges and his thoughts on addressing them in the years ahead. In August, Tory -- who is currently running for a third term -- released his election platform, including a five-point plan geared at creating more housing and addressing affordability challenges in the city.

Tory’s plan includes:

Diversifying and densifying Toronto’s housing stock by encouraging the construction of middle-density housing, particularly near major roads and in areas well-served by transit.
Improving bureaucratic processes (cutting down on red tape and streamlining approval times) and creating a Development and Growth Division to help to ensure that housing is being built efficiently.
Expediting housing development projects by enacting a “use it or lose it” policy for developers in possession of approved, but undeveloped, land.
Dedicating a portion of City-owned land to non-profit bodies with the ability to build co-op, supportive, and affordable housing.
Encouraging developers to build purpose-built rental housing by reducing fees and charges, and expediting the approval process for PBR applications.

“We’ve made strong progress over the past eight years to get housing built in Toronto, but to tackle increased affordability challenges brought on by a national housing shortage we need to build more homes, faster,” said Tory in a press release in August.

“This is about making sure that young people can live and raise their families in the neighbourhoods they grew up in, seniors can stay in their neighbourhoods if they decide to downsize, and newcomers can continue to move to and contribute to this City.”

TRREB’s fireside event with Mayor Tory will be held in person tomorrow at 12:30 p.m. at Parkview Manor. TRREB Members will be in attendance and media is welcome.

Affordable Housing

TRREB to Host Fireside Chat with Mayor John Tory Tomorrow

Tomorrow, Mayor John Tory will be sitting down with Toronto Regional Real Estate Board leadership for a fireside chat.

Trending

You may also like

“Migration Nation” is the aptly named title of the Sotheby's International Realty Canada report revealing how population trends are impacting the country's most lucrative housing markets.

​Bosa Properties recently sent a letter to Burnaby City Council outlining its thoughts, after it backed out from acquiring a site in the Royal Oak neighbourhood.

All of the proposed units are slated to be three-bedrooms, which Darryl Frankfort of Dealcore Properties says will allow them to suit "various needs, such as additional space for grandchildren, home offices, or live-in help."

Set against the stunning backdrop of Lake Joseph in Muskoka, 37B Cockburn Lane offers a unique opportunity to own two charming cottages on a single, expansive property.

Recent data releases have been encouraging on the interest rate front, and economists with CIBC, RBC, and BMO are optimistic that we will see a quarter-point cut from the Bank of Canada tomorrow.

Tim Hudak has revealed to OREA members that he is stepping down as chief executive officer, effective August 2, 2024.

​Cedar Coast acquired the Langley Mall at 5501 204 Street from First Capital REIT over two years ago.

The nine new studio units will provide a much-needed home for unhoused Indigenous men while they search for permanent housing.

Despite the surge in inventory, sales velocity in the presales market has been slow and it could be more of the same to close out 2024, says MLA Canada.

“For a buyers’ market to truly exist, you need to have real buyers.”

From condos to event spaces and concert venues, Toronto's churches are being reinvented.

Both buyers and sellers were motivated to get deals done ahead of the capital gains tax change coming into effect on June 25.

The development is the third of at least four phases – with Phases 1 and 2 having been approved in 2020 and since completed – and would bring 579 new units to campus.

While Vancouver and Burnaby have created rigorous tenant protection policies, these approaches are new, and something of a housing experiment. As the redevelopments unfold, and tenants make use of their rights, the question of compliance will be put to the test, say experts.

“It's not just a big milestone for Capital Developments, I think it's also a really big milestone for the whole industry.”

The beautiful home at 20-180 Sheerwater Court in Kelowna won the Home of the Year award at the 2023 Okanagan Housing Awards of Excellence.

2024 © STOREYS Publishing Inc. | All Rights Reserved

Bosa Properties recently sent a letter to Burnaby City Council outlining its thoughts, after it backed out from acquiring a site in the Royal Oak neighbourhood.

Cedar Coast acquired the Langley Mall at 5501 204 Street from First Capital REIT over two years ago.