![\"Downtown](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2016\/11\/Downtown-Toronto-Moratorium.jpg\")
<\/a><\/p>\nPhoto: Blok 70\/Flickr<\/a><\/em><\/p>\n UPDATE November 15th, 2016:<\/strong><\/span> Councillor Wong-Tam has\u00a0withdrawn her request for the Director of Community Planning for Toronto and East York to report on the feasibility of the one-year tall residential building moratorium for Toronto’s\u00a0downtown core.<\/p>\n Original story:<\/strong><\/span> A Toronto city councillor has submitted a letter<\/a> proposing a one-year moratorium on the development of new tall residential buildings in the city’s\u00a0downtown core.<\/p>\n Ward 27 Councillor Kristyn Wong-Tam submitted the letter, dated October 27th, 2016, to the Toronto and East York Community Council, requesting that the council\u2019s community planning director report to the council on the \u201cfeasibility of implementing a one-year moratorium on new tall building residential re-zoning applications.\u201d<\/p>\n The councillor\u2019s arguments supporting the moratorium are wide-ranging, from concerns of housing oversupply in the city to inadequate city infrastructure that has not kept up with \u201cintense growth in the downtown.\u201d Gridlock, pedestrian and cyclist safety issues and disruptions to business owners caused by construction were also mentioned in the letter.<\/p>\n Wong-Tam\u2019s Ward 27 – Toronto Centre-Rosedale includes a significant part of the city\u2019s core, with the ward bounded by Queen Street to the south and University Avenue and the southern segment of Avenue Road to the West. Full Ward 27 boundaries can be viewed here<\/a>.<\/p>\n According to BuzzBuzzHome Market Snapshot data, there are 22,556 condo and apartment units under construction in the boundaries of Toronto\u2019s downtown core.<\/p>\n Unsurprisingly, members of the city\u2019s residential land development community are critical of Wong-Tam\u2019s letter.<\/p>\n Richard Witt, partner at Quadrangle Architects<\/a>, a firm that\u2019s designed several major downtown Toronto residential high-rises, believes that halting development in one of the primary provincial growth centres will be catastrophic.<\/p>\n While Witt says Wong-Tam raises legitimate concerns in her argument for the moratorium, he lays the blame for many of the infrastructure issues cited by the councillor at the feet of City Council.<\/p>\n \u201cThe city has, for years, used the development charges that should have been used to upgrade infrastructure to artificially lower property taxes by putting the development charges into general revenue,\u201d he says.<\/p>\n \u201cHitting the pause button isn’t the answer. How will the city respond to the huge increase in property taxes that will result from stopping development charges and still nothing being done to improve the infrastructure?\u201d<\/p>\n Naram Mansour, president of Toronto builder Carlyle Communities<\/a>, owns a site at 124 Peter Street in the downtown core where a 46-storey, 435 unit residential tower has been proposed<\/a>. He agrees that infrastructure in the downtown core has not kept pace relative to growth, but fails to see how Wong-Tam\u2019s moratorium will relieve the pressure.<\/p>\n \u201cOur city is growing in an amazing way and infrastructure takes years to execute,\u201d he says. \u201cYou can\u2019t stop growth of an entire city for a year and think it will allow you to catch up.\u201d<\/p>\n According to Mansour, the main issue with the city\u2019s lagging infrastructure has to do with investment and execution.<\/p>\n \u201cWe spend too much time debating what the best approach is versus actually determining where the revenue sources will come from and actually starting the work,\u201d he says. \u201cThere is no doubting the city will have to raise taxes in order to achieve solutions to infrastructure funding, however, an alternative approach we don\u2019t explore nearly enough is private-public partnerships for infrastructure development.\u201d<\/p>\n While Mansour doesn\u2019t see the moratorium having a major impact on long term growth for the city if put in place, he does think it would\u00a0make Toronto a more difficult place to live from an economic perspective.<\/p>\n \u201cI don\u2019t think a moratorium will stop people from moving to the city, so in return, we will see further upward pressure on rents and housing value,\u201d he says.<\/p>\n Quadrangle\u2019s Witt says the City depends on the development industry, but doesn\u2019t appreciate the economic advantages that come from its continued strength.<\/p>\n \u201cAffordability is a supply and demand equation. We need to use the opportunity that development offers to support the broader growth aspirations of the city, not plunder that advantage for no long term gain,\u201d he says.<\/p>\n Wong-Tam has requested that the community planning director present a feasibility report for the one-year moratorium during the Toronto and East York Community Council\u2019s January 17th, 2017 meeting.<\/p>\n BuzzBuzzHome President Matthew Slutsky took to Twitter to voice his concerns about the proposed moratorium:<\/p>\n In a time of limited supply, how can you FREEZE highrise, and not loosen mid-rise???? @kristynwongtam<\/a>, this is crazy https:\/\/t.co\/HyN14bgclC<\/a><\/p>\n \u2014 Matthew Slutsky (@iSlutsky) November 3, 2016<\/a><\/p><\/blockquote>\n \nAnd, @kristynwongtam<\/a>…. who says we have an OVERSUPPLY of housing in Toronto???! \/ @Urbanation<\/a> @benmyers29<\/a><\/p>\n \u2014 Matthew Slutsky (@iSlutsky) November 3, 2016<\/a>\n<\/p><\/blockquote>\n And, @kristynwongtam<\/a>.. the years and years of construction are good for the long term health of our city. This sounds like a NIMBY argument.<\/p>\n \u2014 Matthew Slutsky (@iSlutsky) November 3, 2016<\/a><\/p><\/blockquote>\n \nAnd, @kristynwongtam<\/a>…. we should stop tall building development because of “unsightly construction hoarding”?! Jokes, right???<\/p>\n \u2014 Matthew Slutsky (@iSlutsky) November 3, 2016<\/a>\n<\/p><\/blockquote>\n\n
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