The GTA’s housing supply and affordability challenge is a complex problem that needs to be addressed from a variety of angles. Part of the solution lies in gentle density. bildgta | realestate realestatenews GTA housing gentledensity
. The company purchased an older single-family home in Lawrence Park North in Toronto and transformed it into a rental dwelling with three family-sized units. From the curb it presents as a single-family home, consistent with other buildings on the street. Its stylish interiors have been designed to use space efficiently and to withstand the demands placed on a dedicated rental.
Because this project started prior to when the city and the province changed the rules, it faced more than a year in bureaucratic and legal delays to obtain the necessary approvals. These delays added more than $100,000 to the cost of the project, ultimately reflected in the final rent on the units. And while this development took place in a community where multi-unit dwellings are permitted, that permission only applies to buildings that are smaller than the surrounding single-family homes.
Converting single-family homes into multiplex homes and building laneway or garden suites are great ways to add housing in existing neighbourhoods. For owners, the new dwellings can be sources of additional income or provide creative ways to house family members. A RenoMark renovator or custom home builder is your best ally in planning a conversion or addition. RenoMark members commit to a Code of Conduct that requires that they offer a minimum of one-year warranty on all work, carry a minimum of $2M in liability insurance and provide a detailed written contract.Dave Wilkes is President and CEO of the Building Industry and Land Development Association , the voice of the home building, land development and professional renovation industry in the GTA.
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