How do Laneway Suites Benefit Renters?
Toronto Neighbourhoods. Image from https://www.toronto.ca/city-government/data-research-maps/neighbourhoods-communities/
It is no surprise that Toronto’s population growth is at an all-time high, meaning there is a bigger demand for affordable housing for a large population. As renters in Toronto, sometimes it can be difficult choosing the right place to call a home; many factors go into the decision-making process. Although there is a trend of constructing mid to high rise residential buildings as a solution to the population growth, not all renters want to live in a tower in the sky.
As part of the new initiative, Laneway and Garden Suites provide an alternate answer to many renters’ concerns. Rather than living in an underdeveloped area surrounded by other condo buildings, these suites offer access to pre-established neighbourhoods and unique communities within Toronto. Through the method of using the available spaces within the semi-detached and detached houses, these new forms of housing will benefit from settled infrastructure; such as, parks, roadways, schools, public transit, and multi-functional centers. By densifying the urban fabric of these neighbourhoods through Backyard Suites and maintaining their essential character, the rapid development of the condo lifestyle and cost of living could slow down in many neighbourhoods.
Since Toronto’s legalization of Laneway Suites in 2018, this unconventional housing offers a wide range of potential for both homeowners and renters. Breaking through the Yellowbelt through Laneway and Garden Suites, is not only for more housing opportunities but also a way to enrich existing communities.
For more information, please send us an email or book a meeting.