Income required to purchase average property in VAN - $211k, TOR - $167K.
Qualifying income requirement increased since 2015 in Van by 84%, TOR by 65%.
Those and many other facts about our insane RE market in the latest RBC affordability report.
https://t.co/4943X3BpMb
The planning system needs a fundamental shift back to proper zoning in advance, as of right approvals, and automation. What would Google do if they ran it?
As a follow up to my last #BMpoll. Assume there is demand for 100,000 new apartments annually in Canada, what would be the ideal tenure split to maximize the health of the domestic housing market?
Really? Why didn’t you ACO as an organization fund raise, come up with a real use for the property and do the renovation! Otherwise at some point looking for someone else to do for #Ldnont and no one steps up its time to move on! @CTVLondon
Greater turnover = more units for sale/lease at any period of time. This allows for a better redistribution of the units. Better spatial allocation, better allocation by product type, bedroom count, price/rent range, etc. SUPPLY IS MORE THAN UNITS, it’s area, space & bedrooms.
@LFPress Definitely a missed opportunity to get more density when #LdnOnt has a lack of affordability and availability of housing. How spending 4 years to get agreement on 30ish units is good is beyond me! Definitely not good when public money was used to to buy it!
Ending hallway healthcare is a top priority for our government. This year, we announced plans for 6,000 new long-term care beds, the first wave of more than 15,000 new long-term care beds we have committed to build over the next 5 years.
I think people’s definition of “quality of life” needs to be defined better as most people think single family is a better than other forms of housing quality of life! That is why the market puts such a premium to it! #Ldnont
Like a lot of #LDNont government policies there will be a lot of unintended consequences of this one! Like demolition requests and conversion to another use! But alas only time will tell for those who know better than the market place!
NEXT: For years, commercial property owners in London would get a 30 per cent tax break for having vacant properties. On January 1, that ends. Councillor Stephen Turner tells us how he thinks the move will affect the number of empty storefronts.
https://t.co/I6OiW5LJGk #ldnont
The best solution is that council should pre-approve high density zoning areas to allow the builders to build in a timely manner instead of 1-4 years for zoning then a year for site plan and then depending on size at least a year to build!
From @westernulibsARC - "City workmen put up decorations during night outside Kresge" December 1, 1954. Photographer is A. Graham. From our London Free Press Collection. #ldnont
Over the past 15 years of Liberal government, the number of regulations in Ontario has grown to over 380,000. We're going to cut this job-killing red tape by 25% to attract good jobs and investment to our province. #onpoli
Finding affordable rental housing in Ontario has been a challenge faced by many families. We're launching a Housing Supply Action Plan to ensure that people in need can find a place to call home.
Unfortunately the London Plan does nothing but the opposite. It only allows 4 story buildings everywhere , 6 if you use good urban design and high on a BRT route (regardless if it gets built) but then that didn’t happen in Masonville so where is the density going to go?
@NeedlesOnNews Opinion and input is important. So is growth, from so many perspectives. Upward and inward is one of the statements I can't argue with in the London Plan. The core is underdeveloped, and it's time we allowed our city the opportunity to become what it should be.
Our government is taking steps to expand the supply of homes and rental properties in York-Simcoe and across Ontario by developing a new Housing Supply Action Plan. Our approach will responsibly supply while protecting rent control for existing tenants. #onpoli
The CURRENT BRT plan was. A “smart plan” from a decade or more ago with generalities, apple pie and motherhood does not constitute this particular plan. So tired of this misleading assertion being made today by proponents.