May 15, 2023

All Toronto neighborhoods will now permit the construction of multiplex housing following policy and zoning changes approved by Toronto councillors. This decision aims to expand housing options and meet the needs of the city's growing population. Deputy Mayor Jennifer McKelvie described the introduction of multiplexes in low-rise neighborhoods as a fairer approach to urban development. The Chief Planner...

The Greater Toronto Area (GTA) has experienced soaring rents in the first quarter of this year. Rentals.ca data shows that average asking rents in Canada have increased by $196 over the past year, with Toronto being the second hardest-hit city after Calgary. The average rent for all rental units in Toronto has seen a significant annual growth of 22.4%, reaching an average of $2,818. Moreover,...

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