The following is a summary…

The following is a summary of the comments made on behalf of The Governing Council of the University of Toronto (“the University”), please review our attached letter for further details:

• Institutional Housing provided by the University is distinct from market housing and is a form of attainable housing proximate to campus. Currently, almost all Institutional Housing is subject to municipal rental replacement by-laws. The requirement to replace and secure existing units for existing tenants (who may graduate or no longer be affiliated with the University) is a significant financial barrier to redeveloping and intensifying existing Institutional Housing sites. It limits the ability of the University to increase the overall supply of attainable housing available to the University community and places greater demands within the broader rental market area and restricts the University’s ability to redevelop its lands as needed for University purposes, without considering whether existing units are on lands that may no longer be suitable for that purpose.

• Institutional Housing is intended to be attainable for the users that occupy them. The University must keep its housing in line with the needs of the end-user and cannot simply raise rental rates to cross-subsidize rental replacement and/or affordable housing units. If mandated, Inclusionary Zoning would make many University Institutional Housing developments financially unfeasible.

• The University is requesting amendments to:
- section 111 of the City of Toronto Act, 2006 and Municipal Act, 2001 to expressly exempt all
types of residential rental dwelling units provided by a post-secondary institution to its
employees, faculty or students; and
- section 8(1)(b) of O. Reg. 232/18 to make development and redevelopment proposed by a
post-secondary institution as exempt from inclusionary zoning.

• Additionally, the University requests to participate in the development of criteria for Attainable Residential Units, which should include Institutional Housing. Further, the criteria to be prescribed under new Section 4.1(4) of the Development Charges Act should include Institutional Housing as Attainable Residential Units