Toronto to expand funding incentives for property retrofits

Toronto plans to introduce a building emissions performance standards bylaw, aiming for net zero emissions by 2040. Existing buildings must cut emissions by nearly half by 2030. Financial incentives will be provided for retrofits, including expanding support programs and bulk purchasing of solar panels and heat pumps. Real estate developers like Oxford Properties Group are supporting the initiative. Concerns have been raised about reporting requirements for water, electricity, and natural gas use in buildings, especially for the manufacturing sector.