Good news for some property owners as the Ford government and the city have come to an agreement that will see greater density and taller buildings allowed near 120 Toronto transit stations.
Housing Minister Rob Flack and Mayor Olivia Chow said the amendments to Toronto’s official plan could unlock 1.5 million homes over the next 25 years.
The changes would see higher density mandated around Major Transit Station Areas. In Toronto, so-called MTSAs cover much of the city, including several low-density neighbourhoods.
In “apartment neighbourhoods,” “mixed-use areas” and “regeneration areas” within 200 metres of an existing or planned transit station, the new zoning would allow for buildings up to 30 storeys high, if the site can fit three or more towers, and a floor space index of eight or more for any land in those zones.
The higher the floor space index (FSI), the greater the density. A building with an FSI of eight would mean the total built area on all the floors of the building would be eight times the size of the plot of land. So, if the plot is 1,000 sq. ft., the total floor area of the building would be 8,000 sq. ft.
“That’s pretty dense,” pro-density Toronto urban planner Sean Galbraith said. “That’s a good, workable density.”
Within 200–500 metres of an existing or planned transit station, buildings on sites that can fit three towers could be up to 20 storeys, with an FSI of six or more on any residential land.
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