Tag Archives: City of Toronto

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Home Realty : The Missing Middle

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Home Realty : The Missing Middle

Creative concepts could do a lot help housing affordability

It’s the one thing everyone in the GTA seems to be talking about these days: the soaring price of real estate. It’s a sticky wicket to be sure, and it’s left many wondering if they’ll ever be able to find a place to call home in this bustling metropolis. Here are three creative concepts that could do much to alter the affordability equation.

LANEWAY HOUSING

The City of Toronto has more than 2,400 laneways and publicly owned corridors covering 250 linear kilometres. Laneway houses are small homes built above garages that face these laneways. Development of such secondary suites — which are serviced from the main house like a basement apartment — could inject considerably more affordable homes into the Toronto rental market. And advocacy groups, like Lanescape and Evergreen, are partnering with the city to look at ways to clear the bureaucratic path toward the development of laneway housing.

This kind of gentle intensification can add value to existing properties for owners, and, in providing a much needed infusion of supply into the rental market, provide more people access to affordable housing.

ILLUSTRATION COURTESY LANESCAPE

PARASITE HOMES

They’re known in Paris as “parasite homes,” and they would be an ingenious solution to the affordability problem here in the GTA. These apartments are perched upon the roofs of existing buildings. The prefabricated units are built offsite then bolted to the structure with steel supports, a construction process that takes under a year. And these units are priced 40 per cent cheaper than comparable properties.

Paris is calling for 70,000 new dwellings to be built each year, and parasite homes are a good way to squeeze all those new homes into the densely populated French capital. Parasite homes are an innovative idea and one that could help Toronto to provide more people with housing options they can afford. And building owners would also stand to make a good return for thinking a bit outside the box.

IN-LAW SUITES

Don’t let the name fool you. In-law suites — secondary dwellings within a home — can be rented out to anybody you choose. And they’re growing in popularity as more and more people in the GTA face affordability challenges.

In-law suites are cheaper to rent than standalone apartments and they provide an effective and relatively easy way for homeowners to pay off their mortgages or pad their retirement incomes. Of course, these suites can be used to house aging in-laws (but it’s probably not cool to charge granny rent). Or, perhaps more common in today’s economy, it could be the cash-strapped younger generations remaining at home, but wanting an independent living situation.

Secondary flats typically include sleeping and living areas, a basic kitchen and a separate entrance. They can be created via a garage conversion or basement reno. A unit could be a bump-out or addition on the home. Or it might be a separate cottage or a back house on the property.

Owners could also create an in-law apartment by combining rooms in the existing house without changing the original footprint.

The governing bodies of the GTA have to be more creative and open minded in dealing with the shortage and affordability issues in our housing market.

Debbie Cosic, CEO and founder of In2ition Realty, has worked in all facets of the real estate industry for over 25 years. She has sold and overseen the sale of over $15 billion worth of real estate and, with Debbie at the helm, In2ition has become one of the fastest-growing and most innovative new home and condo sales companies. In2ition has received numerous awards from the Building Industry and Land Development Association and the National Association of Home Builders.

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Unveiling Toronto of the Future®

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Unveiling Toronto of the Future®

Who’s Who of Architecture & Real Estate to Unveil Toronto of the Future® Showcase Event Scheduled for June 26 –30 at Metro Hall / MetroCentre

Toronto, June 9, 2017 — Leading players in real estate and architecture will present the second biennial edition of Toronto of the Future®, a unique display of ideas for commercial, industrial and residential developments and urban infrastructure and transportation projects that will shape Canada’s most dynamic city in the years to come.

Toronto of the Future® is a free exhibit of major architectural concepts to be held from June to 26 to 30, 2017 at MetroCentre / Metro Hall (55 John St.). The event is co-hosted in collaboration with the City of Toronto and Oxford Properties Group. The first biennial edition of the event was held in the same venue in June 2015 and was a resounding success.

This not-to-be missed event will feature groundbreaking 3D scale models, illustrations, renderings and virtual presentations from top architects, contractors, developers and government agencies, including the City Planning Division of the City of Toronto. The displays will include various projects under construction, approved, planned or envisioned, but all will inspire the conversation of the evolution of a great city. Key stakeholders from the private and public sectors will be brought together to demonstrate to the public and media their leadership in contributing to the evolution of Toronto.

Thousands of visitors are expected to tour the showcase, in addition to the many people who pass through Metro Hall / MetroCentre every day.

Jennifer Keesmaat, Chief Planner, City Planning Division of the City of Toronto, co-host of the exhibition, declares: “Toronto is a leading city in the Western Hemisphere with respect to the unprecedented scale of urbanization, redevelopment and renewal we see today. We expect this trend of rapid change to continue and as a result we need to continue to push our thinking with respect to what the city could become. As a result, the timing is excellent to present TORONTO OF THE FUTURE”.

OPENING HOURS OF THE EXHIBITION (open to the public, free of charge)

Monday June 26, NOON – 4:00 pm
Tuesday June 27, 9:00 am – 9:00 pm
Wednesday June 28, 9:00 am – 9:00 pm
Thursday June 29, 9:00 am – 9:00 pm
Friday June 30, 9:00 am – 5:00 pm

PARTIAL LIST OF PARTNERS & EXHIBITORS CONFIRMED
Compiled as of June 7. More exhibitors and partners will be added to the list.
* = Key partners presenting several projects in the showcase

VENUE CO-HOSTS OF THE EXHIBITION

  • City Planning Division, City of Toronto *
  • Oxford Properties Group *

PLATINUM SPONSORS

  • REP (Real Estate Professional)
  • Urban Toronto / Skyrise Cities *
  • Mackie Transport

GOLD SPONSORS

  • Zeidler Partnership Architects *
  • Aura Web Solutions
  • RJV Communications

SILVER SPONSORS

  • Ana Bercovitch Design Consultant
  • Valladeres Turner Architects
  • Astley Gilbert

BRONZE SPONSORS

  • First Capital · Kohn Peterson Fox Associated Architects (KPF) *
  • GH+A Design Studios *
  • Intercontinental Hotel Toronto Centre
  • ConstructConnect · Hariri Pontarini Architects *
  • Toronto Hydro *
  • Quadrangle Architects *
  • Grassroots
  • Foster & Partners Architects *

OTHER EXHIBITING PARTNERS (non-exhaustive list)

  • WZMH Architects
  • Icon Architects
  • Diamond & Schmitt Architects
  • Wilkinson Eyre Architects
  • Alva Roy Architects
  • +VG Architects
  • B&H Architects
  • Audax Architecture
  • Brisbin Brook Beynon Architects
  • Kevric Real Estate
  • SvN Architects + Planners
  • Raw Design

BACKGROUND INFORMATION / EVENT OVERVIEW

Based on the great success in Montreal held every two years since 2006 under the title ‘Montréal du Futur®’, the Toronto version of this unique public event will showcase multiple major commercial-office, residential, institutional real estate projects as well as transportation/infrastructure projects that will shape the skyline of Metropolitan Toronto over the next few years. This free event brings together several key business and civic organizations who contribute to the future development of the city, as well as the media and the general public. TORONTO OF THE FUTURE® brings together key real estate stakeholders in a unique neutral, educational and information-sharing setting. This urban development and infrastructure event will attract significant public interest.

The event will feature around 25 exhibitors, most showcasing multiple projects.

TORONTO OF THE FUTURE® will include various types of projects:

  • Commercial – Office and Retail
  • Residential (including mixed use)
  • Institutional / Civic
  • Infrastructure / Transportation

Target audiences of TORONTO OF THE FUTURE® include:

  • Sponsor, exhibitor and media representatives
  • Key stakeholders and industry leaders in real estate and development
  • Architecture and design professionals
  • Skyscraper fans including members of several specialized blogs
  • General public
  • Graduate university students in the field

OFFICIAL OPENING CEREMONY ON JUNE 26

The official opening ceremony and reception (the only activity not open to the public free of charge) will take place on Monday June 26 at 6:00 p.m. in the King Tower Wintergarden, MetroCentre (225 King Street West) and will feature special guest Jennifer Keesmaat, Chief Planner, City Planning Division, City of Toronto. The cocktail reception will begin with speeches and a symbolic ribbon cutting ceremony. A cocktail reception will then follow. Hundreds of guests who are passionate about the urban and economic development of Toronto will be in attendance. Wine, beer and hors d’oeuvres will be served. To purchase tickets ($200 + tax each, in limited quantity), please contact rjv@rjvcom.com.

CITIES OF THE FUTURE MANAGEMENT– EVENT FOUNDER & ORGANIZER

Cities of the Future Management is a leading special events firm established by Robert J. Vezina, founder of Montréal du Futur and Toronto of the Future, two real estate and architectural exhibitions that bring together key real estate stakeholders and offer visions of how Toronto and Montreal are developing. It is the owner of the trademarks of Montréal du Futur® and Toronto of the Future®.

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