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Bailao released more of her housing platform:
Bold Reforms to Build More Homes
Ana Bailão announced more details on her housing plan with planning reforms that will create more housing options for Toronto residents.anabailao.ca
Bailao released more of her housing platform:
Bold Reforms to Build More Homes
Ana Bailão announced more details on her housing plan with planning reforms that will create more housing options for Toronto residents.anabailao.ca
As-of-right, 8-storeys might be bold, if it meant along all major arterials; if it applies only to areas having had 'avenue studies' it won't change all that much.
Watch for the difference between 'appears bold' and 'is bold'.
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Ana has also committed to keeping taxes at or below inflation, which ensures the City doesn't have enough money to deliver core services, let alone build any deeply affordable housing.
As noted, the industry (housing development) has somewhere between little and no slack available to build anymore housing, any faster, irrespective of what permissions are in place. As a result, the best one can likely hope for in the above scenario might be that that builders facing reduced costs would pass some savings on to consumers (renters/owners); but since money is made by charging the top dollar that someone else is willing to pay, I'm not at all clear this achieves much at all.
Which is not to say that its a bad thing; just that it isn't what its advertised to be.