The Ryerson City Building Institute has released a report entitled: Rethinking the Tower

The Ryerson City Building Institute has released a report entitled:

Rethinking the Tower

An excerpt from the above-noted link reads:

We need to consider new innovations and strategies to help tackle housing challenges in Toronto.

This report explores options that have been tested in other markets and considers how they might contribute to making more housing affordable – or rather, attainable – to the average Toronto household. Case studies are grouped into four categories:

1. Micro Living: Well-designed micro units can offer a cost-effective alternative to conventional apartments, particularly in central locations where higher land costs can be a barrier to affordability.

2. Shared Space: Co-living, where residents share amenities and services, can improve affordability and create a sense of community, particularly in walkable, transit-connected neighbourhoods where housing costs are high.

3. Home Unbundling: Features, finishes and amenities unbundled from the unit price of condominiums can allow greater choice and reduced costs for homebuyers.

4. Equity Options: With more households renting, and the transition from renting to owning growing ever more challenging, new shared-equity models can help families invest in their home, even if they rent.

[End of excerpt]