A Modular Approach to Toronto's Housing Affordability Crisis

This collaborative project was part of the fulfillment of the requirements of the capstone course - GLOBE - at Ivey Business.

Prepared in 2022 by: U. Ede, S. Wu, K. Jeffers, J. Dyck, J. Mackay, L. Everett, S. Baxter.

Toronto is the most populated and least affordable city in Canada. Home ownership is not financially attainable for many Torontonians, and rental costs are high.

Building information Management (BIM) utilizes models detailing the architectural, structural, and operational facilities of a project. Utilizing BIM can increase the speed at which new builds are developed and cut maintenance costs. The cost savings from implementing BIM can be passed on to create a more affordable housing market in Toronto.

Cost versus benefit and risk identification analyses demonstrate the merit of implementing BIM, and illustrate how long-term benefits will offset the initial capital and personnel intensive investments required.

Mandating BIM processes into the design, building, and maintenance of residential buildings can effectively increase the supply of housing to Torontonians while decreasing the costs associated with purchasing or renting a home.

Read the associated report here...