Toronto Laneway Suites - The Latest Housing Opportunity For Home-Owners, Renters & Investors
Posted by Paul Ambler on
Late last year, Toronto City Council adopted the Official Plan and Zoning By-law amendments permitting laneway suites in specific neighbourhoods within the City. Laneway Homes have been gaining popularity in cities like Vancouver for a number of years and began as an effort to help with the urban density and affordability issues the city was experiencing. Toronto has been facing some of these same challenges and this decision has cleared the way to allow Laneway Housing to become an option with a lot less red tape than before. Its no secret that densification, lack of sufficient rental property (outside of condominiums) combined an abundance of under-utilized space within certain neighbourhoods have created the need to find creative and sustainable…
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