What Toronto Inclusionary Zoning Really Means for New Developments

“If I were to build two identical buildings side by side
within downtown Toronto, I would lose 17 percent of my gross
floor space...or 17 additional percent, if I want to build a
condo compared to if I want to build a fancy high-rise luxury
apartment building.” – David Aizikov, Product Manager Data
Services at Rentsync


As new legislation passed in favor of Inclusionary Zoning in
Toronto, we called on David Aizikov, Product Manager Data
Services at Rentsync and Max Steinman, Interim CEO at Rentsync to
discuss the new policy that is taking effect in 2022. The policy
indicates that all new purpose-built rental and condo
developments within the city of Toronto, above 100 units, will
have to include a percentage of their gross floor space for
inclusionary zoned units, depending on where they are located in
the city. The impact of this policy is tremendous. Everyone from
developers to renters, to vendors and suppliers within the rental
housing industry across the GTA have been left with a lot of
unanswered questions and concerns. In this episode, we look at
the policy from all angles, the good, the bad, and the unknown,
and make recommendations for those looking towards the future of
building in Toronto.


Key points from this episode:


What this means for purpose-built rentals and condo
developments moving forward

How could the policy impact the type of product we see
available on the market at those lower rates?

How will properties ensure that renters are not taking
advantage of the policy?

What three distinct inclusionary zoning areas were identified
and how they were determined

How could this impact the cost of land in and outside of
these areas 

Why the policy makes purpose-built rentals more attractive
versus condo developments 

Recommendations to developers who have plans to build in the
GTA in the foreseeable future

The impact on marketing new developments located in
inclusionary zoning areas



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Links mentioned in this episode:


Max Steinman on LinkedIn
David Aizikov on LinkedIn
Toronto Inclusionary Zoning Policy
Rentsync