Doug Ford’s Progressive Conservative government is expected to introduce new legislation tomorrow that would make it easier to build housing on top of or adjacent to new subway and light-rail transit stations.
The Star broke that news today.
It’s been a long-running mystery to me why this wasn’t being done before. Over the past 10-15 years that I’ve been paying attention, subway stations along Bloor and Danforth in Toronto have been renovated to still be 1-storey single-use buildings.
That never made any sense to me.
Why wouldn’t you (the City) partner with developers to both introduce a tonne of new housing where it’s well served by transit, and offset some of your costs in the process? Win-win, no?
In any case, it looks like we’ll start doing that now. And not a moment too soon. Toronto’s rental vacancy rate is hovering around 1%. We need a lot more housing, and this is one good way to deliver it.