Toronto Mayor Sets Clear Deregulation Goals on the Path to Meeting Housing Demand

Toronto is a city with a high-class problem. People are moving there in droves, and they’ve got to figure out a place for them to live. As such, Toronto’s Mayor has set an ambitious goal to deliver 285,000 new housing units over the next ten years.

It’s a story remarkable both for the lesson in goal setting, but also for the solutions they’re exploring to get them there. In a word, it’s deregulation. Specifically, the loosening of exclusionary zoning laws to allow property owners to invest and develop their properties to provide the highest return.

And here’s a question for Minot: how much federal money have we spent here in the past 10 years to advance the idea of ‘affordable’ housing?

Here’s the draft plan Toronto’s putting in motion.