Posted on July 30, 2008
Toronto looks to ‘inclusionary zoning’ to increase supply of lower-cost housing
More and more cities are turning to ‘inclusionary zoning’ — the practice of offering developers density and other incentives to achieve a better mix of high and low-cost housing — to tackle the affordability crisis facing the housing market. This is one of the approaches I have advocated in my proposals to increase the supply of lower-cost market housing. Now comes this news from Toronto about the shift to inclusionary zoning in that city. Inclusionary zoning has already been used in modest ways in Whistler and Langford here in BC.