As Toronto City Hall pushes for a mandatory 26°C indoor temperature limit in apartment buildings by summer 2027, a heated debate has emerged over who will foot the bill. With potential retrofit costs ranging from $8,000 to $13,000 per unit, industry experts warn that forcing landlords to absorb these massive capital expenditures could trigger unintended consequences. From reduced maintenance to potential site redevelopment, the financial pressure on owners of older 1950s-1970s stock is significant. While some advocate for energy-efficient heat pumps as a ‘no-brainer’ solution to lower utility costs and boost property value, the immediate cash outlay remains a major barrier. As the city moves forward with this complex policy, tenants and investors alike are left wondering if the push for comfort will ultimately squeeze the affordability of Toronto’s rental market. Visit the Financial Post to read the full analysis on this evolving mandate.
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