When it comes to housing construction, the best intentions of regulators aren't always enough to sway the market.
"Few developers are taking advantage of new Ontario rules that allow for taller wood-frame buildings," reports Luke Simcoe. "The reason? They can’t find the right wood."
A new development called Heartwood the Beach in Toronto will be the first project to take advantage of regulations implemented in January 2015 that "allow for six-storey wood buildings instead of the previous four storeys." The rules were intended to introduce new forms to the city's skyline and lower the cost of building mid-rise residential stock.
The specialty lumber required to build at these new heights, however, has made it difficult for developers to realize those cost savings.
FULL STORY: Wood construction still lagging in Toronto, despite rule change
Toronto's New Building Code Adds Height for Wood-Framed Buildings
The beginning of 2015 saw changes to Toronto's building code that will allow wood construction up to six stories. Supporters of the code change see multiple potential benefits from the code change.
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Proposed changes to the city’s preservation ordinance would make two-thirds of the city’s housing stock eligible for preservation.
How to Measure Transit Equity
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