Toronto's city council's recent decision could cost the city $30 million in federal housing funding by rejecting a citywide allowance for sixplexes. While fourplexes were approved citywide, sixplexes are limited to specific wards. Federal housing minister Nate Erskine-Smith warned that any deviation from a citywide sixplex policy would lead to a 25 percent funding reduction from Ottawa's Housing Accelerator Fund. The fund aims to drive home construction by reducing bureaucratic barriers. The federal government supports efforts to meet sixplex goals for increasing low-rise housing development.
The Housing Accelerator Fund rewards ambitious housing initiatives from local governments, with a focus on reducing bureaucracy, zoning restrictions, and other red tape. We are working closely with the city of Toronto to meet these goals and remain ready to work with all levels of governments to tackle the housing crisis.
Allowing sixplexes would mark a 'significant milestone' in meeting Toronto's commitments under the federal Housing Accelerator Fund to allow more low-rise, multi-unit housing development through as-of-right zoning bylaws in its neighbourhoods.
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