Toronto Green Standard for a Builder
The Toronto Green Standard if done correctly is a way to get 20% of your projects development charge refunded back to you. How does that sound? Enticing right, but what you need to know is that you will have to work for it, and if you do it right then it will be profitable for you and make your property more attractive to tenants or investors. The Toronto Green Standard is a two-tier development standard which addressed a number of sustainability attributes and issues with new development. In 2006 the City of Toronto adopted the first version of a green standard and subsequently revised it in 2009 to be called the Toronto Green Standard and then updated it a third time in 2012. Now we are getting the first glimpse of the 4th version which will see more stringent requirements and more responsibility for the energy and emissions of a project. Why do you need to know about the TGS? There are two TIER's, TIER 1 is mandatory for all projects and TIER 2 if...