Committee of the Whole Meeting Wednesday April 3, 2024 at 9:30am
Recap:
The majority of Council's discussion was around the development applications for 13572/13576 Bayview Avenue and 9301/9325/9335 Yonge Street. The primary concerns were around affordability.
The Yonge/16th development will have 37% of the units which are considered to be affordable ownership units in accordance with the City’s policies.
The Bayview development will not have affordable units in accordance with the City’s policies but the applicants are open to discuss with York Region their affordable housing program. Council indicated that they are looking for a real commitment regarding this.
According to the applicants approximately 10% of the building will be One Bedroom units, priced between $600,000 to $700,000.
Another 50% of our units will be One Bedroom and Den/interior second bedroom designs priced below $800,000.
There will still have larger Two Bedroom and Three Bedroom units; however, the average net suite size will be around 750 square feet.
The applicants believe the current direction of the project will create affordable units since most townhouses in Richmond Hill are priced well-over $1M.
All agenda items are moved to next week's Council Meeting.
