Sugar Wharf Condominiums (Phase 1) | 231m | 70s | Menkes | a—A

HousingNowTO

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So in practice, what would that kind of calculation look like for something like a 1 bedroom here for example?

I'm unfamiliar with the allowable rent increases for these type of situations/housing stock.
Each deal is different site-by-site, and the language has become more specific over the years. You would need to go back - and look at what was in the Section-37 for this specific building when it was approved by Council - but in a downtown ward, with a Councillor like Cressy - I expect the language around "Annual Rent Increases" and "Rent Increases on Vacant Units" would be similar to what is in this recent Staff report on the Affordable-Units at 880 DUPONT AVE - http://app.toronto.ca/tmmis/viewAgendaItemHistory.do?item=2022.TE34.40

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3Dementia

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These are secretly and surprisingly going to be the city’s first supertalls. Even Menkes didn’t know this would happen

Hope they remember to add a few of those extra (mechanical penthouse?) floors to the 299 metre Phase 2 tease.
 

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