Item - 2023.MM11.16

City Council on October 11 and 12, 2023, adopted the following:

1. City Council recognize the urgency of having large new residential developments include purpose-built rental housing. 

2. City Council reiterate the importance of the right to return for all renters impacted by demolition and redevelopment of rental buildings.

3. City Council direct the Chief Planner and Executive Director, City Planning and the City Solicitor to report to the Planning and Housing Committee by the end of the first quarter of 2024 with recommendations on whether and how, when considering rental demolition applications for large rental buildings, to double rental space in replacement buildings by requiring new purpose-built market-rental units within the development, in addition to rental replacement units, as a condition of any permit, including appropriate thresholds for the imposition of such a condition.

4. City Council direct the Chief Planner and Executive Director, City Planning to report to the Planning and Housing Committee by the end of the first quarter of 2024, on the feasibility of including secondary market rental data in the rent-gap calculations, as part of the City of Toronto’s Tenant Relocation and Assistance Package. 

5. City Council request the Province of Ontario to amend the Planning Act and/or the City of Toronto Act, 2006, to authorize the City of Toronto to require that any development benefiting from government incentives for the development of purpose-built rental units maintain their rental tenure for the life of the building and remind the Province of the City's request for inclusionary zoning in order to increase the supply of affordable rental housing.