The retail landscape of Kensington Market is becoming increasingly unaffordable for small locally-serving and immigrant-owned businesses.
The KMBIA asks developments with a commercial space component to:
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For start-up businesses, smaller footprints are often favourable to reduce rents and lower upfront risks. Ensuring smaller footprints is also used as a way to discourage the move-in of corporate chain businesses. It is important to protect existing commercial spaces with smaller footprints from block consolidation and redevelopment.
For major investments in existing commercial space, The KMBIA ask investors to:
- Sign long-term and affordable leases with locally-serving commercial tenants in Kensington with regulated rent increases.
- Make a long-term financial contribution to support neighbourhood wellbeing in Kensington, including but not limited to food security and community health.
For more information, please read our Affordability Resource Document below which addresses various policies, new business sub-classes, Municipal Tax Benefit for Small Businesses, Tenancy Agreements in Ontario, Deregulation and Speculation.
Information cited from Parkdale Benefits framework
Media & Resources
Affordability Resource Document
Affordability Resource Document
(*) Unless otherwise stated, all Materials and Resources mentioned on kensington.to are stored within our KMBIA Public Folder *hosted on Google Drive. — This usually includes agendas, meeting minutes, project proposals, worksheets, 3rd Party Forms, and more.