As Toronto's population continues to grow, the city is leveraging multiplex conversions to boost its housing supply. The City of Toronto has recently approved a city-wide zoning amendment that permits multi-unit homes in all residential zones. In addition to this change, Toronto is now waiving development charges for multiplexes, even if the units are added gradually. This presents a unique opportunity to transform a single-family home into a Fiveplex, increasing its rental potential and overall value. NLD is working to be a leader in this environment with 8 projects on the go and many more to come!