Toronto’s housing crisis may get worse. It’s time for a full and unconditional repeal of the Office Replacement Bylaw to unleash supply.
Toronto's housing crisis is at a critical juncture, with soaring rents and plummeting vacancy rates. Meanwhile, the office market struggles with rising vacancies and falling valuations. Could there be a viable solution that addresses both issues simultaneously? This eye-opening report from JLL Research examines how repealing one key policy - the Office Replacement Bylaw - could unlock over 50,000 new housing units while also stabilizing the office market, all at no cost to taxpayers. Download the report to explore JLL's data-driven analysis and recommendations for unleashing Toronto's housing supply.