Month: June 2016
So You Think the Market is Hot in Toronto? Try London, England. (PART 2)
June 23, 2016
Author:
Leor Margulies
Back on this side of the Atlantic, Vancouver and Toronto continue to be exceptionally hot with reports of 30-40 price increases on an annual basis in the New Westminster, B.C. area, a suburb of Vancouver being reported, including a 9.7% increase in May 2016 alone. The government and even our bankers are reviewing these markets[…]
Bill 204 –More than Inclusionary Zoning
June 22, 2016
Author:
John Fox
In my June 13 blog post, I posted a link to Bill 204, the inclusionary zoning by-law bill. It’s time to get back to that now as both the Development Industry and Housing Advocates weigh its pros and cons. The Bill itself does much of what you would expect it to do, but has a[…]
So You Think the Market is Hot in Toronto? Try London, England. (PART 1)
June 21, 2016
Author:
Leor Margulies
I have just returned from London, England with a group of Toronto builders and other members of the GTA real estate industry, on a housing tour of London. All of the talk of an overheated market and unaffordable housing prices for locals is magnified tenfold in London. Headlines constantly appear in the newspapers in London[…]
The City’s Open Door Affordable Housing Program: A Nexus line for Affordable Housing?
June 20, 2016
Author:
John Fox
The next step in the City’s new Open Door Policy happens today (June 20) at City Hall when the Affordable Housing Committee meets to discuss a staff report implementing the Open Door Program (Link Below). Among its most important initiatives is creating a kind of “Nexus” line for projects with Affordable Housing included in them.[…]
Inclusionary Zoning: Evolving Positions and one Big Opportunity
June 13, 2016
Author:
John Fox
On May 18, the Provincial Government introduced enabling legislation for Inclusionary Zoning. Almost immediately, the Development Industry reacted with a Statement of Intent. If you are thinking BILD and OHBA came out with the usual It-will-all-be-fine-if-you-lower-our-taxes position, you are mistaken. In a previous blog post, I expressed concern that the usual suspects would say the usual things.[…]