Photo courtesy Jesse Colin Jackson
Over time, Canada’s aging mid-century towers have become the backbone of the country’s affordable rental supply, home to hundreds of thousands of low and middle-income households across the country.
There are 2,000 postwar apartment towers located throughout Ontario’s Greater Golden Horseshoe Region alone, representing nearly half of the region’s affordable rental stock. In 2006, more than 40 per cent of tower households in the city are considered low-income, up from 25 per cent in 1981. As the housing crisis continues to mount, it’s only imaginable that this number continues to rise. Maintaining these largely privately-owned buildings to ensure their continued affordability is a vital and necessary part of improving Toronto’s housing ecosystem.
ERA’s Tower Renewal projects focus on rehabilitating these aging and neglected towers, creating comfortable, affordable and healthy homes for residents. These tower renewal projects also include energy-efficient and low-carbon retrofits that help maintain affordability while limiting the impact on the environment.
Through the Tower Renewal Partnership, ERA collaborated with the City of Toronto and ULI Toronto to host a week of events focused on exploring how we can better retrofit our apartment towers in order to create a more resilient city.
The week culminated with an Advisory Panel on Friday, February 28, where experts focused on solutions, providing a series of recommendations to the City to encourage broad investment in the improvement of private apartment towers while maintaining rents at affordable levels.
The recommendations emphasized the importance of acting swiftly when it comes to retrofitting these towers. They include: incentivizing higher levels of affordability and accessibility, accelerating tower renewal with a retrofit program and more. Watch the presentation below, and for the full list of recommendations, visit the Tower Renewal Partnership website.
These conversations could not have been held at a more critical time. This week, residents began to return home to their building at 650 Parliament Street following an August 2018 electrical fire.
The displacement of the building’s more than 1,500 residents paints a clear picture of the potential future of some of our towers if they are not upgraded to ensure they remain safe and affordable for Torontonians. ERA principal Graeme Stewart was interviewed on CBC Radio’s The World at Six about Tower Renewal and 650 Parliament.