Advocacy

NAIOP: Municipal Charges on New Rental Construction Up as Much 628%, Threatening Supply

A new report commissioned by the Canadian Chapters of NAIOP reveals that municipal fees and charges on purpose-built rental housing have risen between 290% and 628% since 2010. These escalating fees are pushing otherwise viable projects beyond the point of feasibility. In Toronto, these fees now represent up to 31% of total construction costs. Please […]

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NAIOP Canada Chapters make a submission on the proposed Federal Vacant Land Tax

In mid-October, the Federal Government launched a consultation on the taxation of vacant lands, “with the goal of helping to meet its target of building 4 million new homes by 2031”. Through the consultation, the Government is looking for input on the potential application and impacts of vacant land taxes, including, among other things, reasons

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NAIOP submits a Letter of congratulations on Toronto’s new financial agreement with Ontario

NAIOP GTA is eager to see financial solutions implemented for Toronto that will ensure the future success and growth of our City. We congratulate both the Premier and Mayor in reaching a new agreement – a significant step in addressing the City’s financial challenges – and offer our partnership as the City moves forward with

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NAIOP submits Letter to Mayor Chow and Premier Ford regarding the Provincial Upload of Toronto’s Major Transportation Network

On November 24, 2023, NAIOP Greater Toronto submitted a letter to Premier Ford and Mayor Chow recommending that the province take full financial responsibility and ownership of the three transportation networks that serve the larger GTA area: the Gardiner Expressway; the Don Valley Parkway; and the TTC. Read the full letter below:

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NAIOP CANADA APPLAUDS THE REMOVAL OF GST/HST ON PURPOSE-BUILT RENTALS

(Toronto, ON) – NAIOP Canada applauds the Government of Canada’s announcement yesterday exempting the GST/HST on purpose-built rental buildings. Rental apartment buildings are an essential component of Canada’s housing stock but the application of the GST/HST has been a deterrent to additional rental construction. While we will need to review the details of the announcement

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Report: Office Needs and Policy Directions in the GTA

TORONTO, May 24, 2023 – A new report released today by NAIOP Greater Toronto shows that given weak post-pandemic demand for office space there is a sharp risk of a significant oversupply in the Greater Toronto Area at least until 2041. The report – Office Needs and Policy Directions in the GTA – was prepared by Altus Group and details three

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NAIOP Non-Canadian Purchase Act Letter to Deputy Prime Minister and Minister of Finance The Honourable Chrystia Freeland

The Prohibition on the Purchase of Residential Property by Non-Canadians Act has had an unintended but detrimental impact on commercial and residential real estate investment and development. While the stated goal of Parliament was to improve Canadians’ opportunities for home ownership by temporarily prohibiting residential purchases by non-Canadian individuals, the regulations have created uncertainty for

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GR Update – May 9, Growth Funding Tools (“GFTs”)

We are sure most of you have been notified of the City of Toronto’s latest proposed increases to Growth Funding Tools (“GFTs”). GFT’s include Development Charges, Parkland Dedication or Cash-in-lieu, and the new Community Benefits Charges (replacing s.37). The City intends to introduce these proposals at City Committees in May with a view to seeking Council’s approval

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December 2021 Advocacy Update

Thanks to the support of our valued Sponsors, the NAIOP GTA Government Relations Committee had several accomplishments it achieved in 2021. We are pleased to share a few of those accomplishments below. Organized and hosted a “fireside chat” with Ontario Minister of Finance Peter Bethlenfalvy. Close to 150 people registered for the virtual event held

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October 2021 Advocacy Update

New and Noteworthy: Toronto Official Plan Review – Stakeholder Meetings City of Toronto There remain a few meetings in the City’s Official Plan Review consultation process, in the series of meetings as part of the Official Plan Review consultation process. Highlights of progress to date: Indigenous Engagement The City’s Aboriginal Affairs Advisory Committee requested City

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