MoCo Council Vote Today

[Anonymous]

Anonymous wrote:

Anonymous wrote:Don't say that we haven't been warned. Please read the whole article ~ especially the part about the developers.

It didn’t take long to figure out why there were so many empty units on the market: it turns out nobody wants to rent a condo, and nobody wants to buy one either. Condo rents have dropped over the past two years, and according to a recent report from the Canada Mortgage and Housing Corporation, or CMHC, condo sales have fallen by 75 percent in the Greater Toronto Area and 37 percent in the Vancouver area since 2022. The market has become so dire that buyers of pre-construction condos are having difficulty closing their purchases. Banks lend money depending on the present value of the property, and some condos are worth less now than they were when the buyers made their first deposit. As a result, developers have been cancelling construction projects. Some experts say we should have seen this coming.

The title of article screams what most people already know: No One Wants to Buy a Condo

https://thewalrus.ca/no-one-wants-to-buy-a-condo/?utm_source=firefox-newtab-en-us

Sounds like a good time to make it easier to build townhomes.

They won’t be townhouses, which is too bad. They could have been townhouses, but instead they’ll be apartments because Andrew Friedson’s bill allowing lot consolidation will pass. This could have been a good package of housing measures that truly resulted in housing types not really produced now. But instead it will result in new apartments that are basically indistinguishable from what’s produced now, including in their high prices.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don't say that we haven't been warned. Please read the whole article ~ especially the part about the developers.

It didn’t take long to figure out why there were so many empty units on the market: it turns out nobody wants to rent a condo, and nobody wants to buy one either. Condo rents have dropped over the past two years, and according to a recent report from the Canada Mortgage and Housing Corporation, or CMHC, condo sales have fallen by 75 percent in the Greater Toronto Area and 37 percent in the Vancouver area since 2022. The market has become so dire that buyers of pre-construction condos are having difficulty closing their purchases. Banks lend money depending on the present value of the property, and some condos are worth less now than they were when the buyers made their first deposit. As a result, developers have been cancelling construction projects. Some experts say we should have seen this coming.

The title of article screams what most people already know: No One Wants to Buy a Condo

https://thewalrus.ca/no-one-wants-to-buy-a-condo/?utm_source=firefox-newtab-en-us

Sounds like a good time to make it easier to build townhomes.

They won’t be townhouses, which is too bad. They could have been townhouses, but instead they’ll be apartments because Andrew Friedson’s bill allowing lot consolidation will pass. This could have been a good package of housing measures that truly resulted in housing types not really produced now. But instead it will result in new apartments that are basically indistinguishable from what’s produced now, including in their high prices.

OK, but 25-02 is so limited in scope that it wouldn't facilitate many townhomes simply due to the small land area involved.

Instead we should open up the boundaries from the AHS proposal for townhomes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don't say that we haven't been warned. Please read the whole article ~ especially the part about the developers.

It didn’t take long to figure out why there were so many empty units on the market: it turns out nobody wants to rent a condo, and nobody wants to buy one either. Condo rents have dropped over the past two years, and according to a recent report from the Canada Mortgage and Housing Corporation, or CMHC, condo sales have fallen by 75 percent in the Greater Toronto Area and 37 percent in the Vancouver area since 2022. The market has become so dire that buyers of pre-construction condos are having difficulty closing their purchases. Banks lend money depending on the present value of the property, and some condos are worth less now than they were when the buyers made their first deposit. As a result, developers have been cancelling construction projects. Some experts say we should have seen this coming.

The title of article screams what most people already know: No One Wants to Buy a Condo

https://thewalrus.ca/no-one-wants-to-buy-a-condo/?utm_source=firefox-newtab-en-us

Sounds like a good time to make it easier to build townhomes.

They won’t be townhouses, which is too bad. They could have been townhouses, but instead they’ll be apartments because Andrew Friedson’s bill allowing lot consolidation will pass. This could have been a good package of housing measures that truly resulted in housing types not really produced now. But instead it will result in new apartments that are basically indistinguishable from what’s produced now, including in their high prices.

OK, but 25-02 is so limited in scope that it wouldn't facilitate many townhomes simply due to the small land area involved.

Instead we should open up the boundaries from the AHS proposal for townhomes.

Friedson won’t do this because his main constituents are landlords. Landlords don’t like housing that people can buy because it reduces demand for their units.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don't say that we haven't been warned. Please read the whole article ~ especially the part about the developers.

It didn’t take long to figure out why there were so many empty units on the market: it turns out nobody wants to rent a condo, and nobody wants to buy one either. Condo rents have dropped over the past two years, and according to a recent report from the Canada Mortgage and Housing Corporation, or CMHC, condo sales have fallen by 75 percent in the Greater Toronto Area and 37 percent in the Vancouver area since 2022. The market has become so dire that buyers of pre-construction condos are having difficulty closing their purchases. Banks lend money depending on the present value of the property, and some condos are worth less now than they were when the buyers made their first deposit. As a result, developers have been cancelling construction projects. Some experts say we should have seen this coming.

The title of article screams what most people already know: No One Wants to Buy a Condo

https://thewalrus.ca/no-one-wants-to-buy-a-condo/?utm_source=firefox-newtab-en-us

Sounds like a good time to make it easier to build townhomes.

They won’t be townhouses, which is too bad. They could have been townhouses, but instead they’ll be apartments because Andrew Friedson’s bill allowing lot consolidation will pass. This could have been a good package of housing measures that truly resulted in housing types not really produced now. But instead it will result in new apartments that are basically indistinguishable from what’s produced now, including in their high prices.

OK, but 25-02 is so limited in scope that it wouldn't facilitate many townhomes simply due to the small land area involved.

Instead we should open up the boundaries from the AHS proposal for townhomes.

Friedson won’t do this because his main constituents are landlords. Landlords don’t like housing that people can buy because it reduces demand for their units.

Start advocating for reopening AHS. I'll support it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don't say that we haven't been warned. Please read the whole article ~ especially the part about the developers.

It didn’t take long to figure out why there were so many empty units on the market: it turns out nobody wants to rent a condo, and nobody wants to buy one either. Condo rents have dropped over the past two years, and according to a recent report from the Canada Mortgage and Housing Corporation, or CMHC, condo sales have fallen by 75 percent in the Greater Toronto Area and 37 percent in the Vancouver area since 2022. The market has become so dire that buyers of pre-construction condos are having difficulty closing their purchases. Banks lend money depending on the present value of the property, and some condos are worth less now than they were when the buyers made their first deposit. As a result, developers have been cancelling construction projects. Some experts say we should have seen this coming.

The title of article screams what most people already know: No One Wants to Buy a Condo

https://thewalrus.ca/no-one-wants-to-buy-a-condo/?utm_source=firefox-newtab-en-us

Sounds like a good time to make it easier to build townhomes.

They won’t be townhouses, which is too bad. They could have been townhouses, but instead they’ll be apartments because Andrew Friedson’s bill allowing lot consolidation will pass. This could have been a good package of housing measures that truly resulted in housing types not really produced now. But instead it will result in new apartments that are basically indistinguishable from what’s produced now, including in their high prices.

OK, but 25-02 is so limited in scope that it wouldn't facilitate many townhomes simply due to the small land area involved.

Instead we should open up the boundaries from the AHS proposal for townhomes.

Friedson won’t do this because his main constituents are landlords. Landlords don’t like housing that people can buy because it reduces demand for their units.

Start advocating for reopening AHS. I'll support it.

Sure if we can start by repealing the entirety of Friedson’s more housing now package, especially the odious developer subsidy for office demolitions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don't say that we haven't been warned. Please read the whole article ~ especially the part about the developers.

It didn’t take long to figure out why there were so many empty units on the market: it turns out nobody wants to rent a condo, and nobody wants to buy one either. Condo rents have dropped over the past two years, and according to a recent report from the Canada Mortgage and Housing Corporation, or CMHC, condo sales have fallen by 75 percent in the Greater Toronto Area and 37 percent in the Vancouver area since 2022. The market has become so dire that buyers of pre-construction condos are having difficulty closing their purchases. Banks lend money depending on the present value of the property, and some condos are worth less now than they were when the buyers made their first deposit. As a result, developers have been cancelling construction projects. Some experts say we should have seen this coming.

The title of article screams what most people already know: No One Wants to Buy a Condo

https://thewalrus.ca/no-one-wants-to-buy-a-condo/?utm_source=firefox-newtab-en-us

Sounds like a good time to make it easier to build townhomes.

They won’t be townhouses, which is too bad. They could have been townhouses, but instead they’ll be apartments because Andrew Friedson’s bill allowing lot consolidation will pass. This could have been a good package of housing measures that truly resulted in housing types not really produced now. But instead it will result in new apartments that are basically indistinguishable from what’s produced now, including in their high prices.

OK, but 25-02 is so limited in scope that it wouldn't facilitate many townhomes simply due to the small land area involved.

Instead we should open up the boundaries from the AHS proposal for townhomes.

Friedson won’t do this because his main constituents are landlords. Landlords don’t like housing that people can buy because it reduces demand for their units.

Start advocating for reopening AHS. I'll support it.

Sure if we can start by repealing the entirety of Friedson’s more housing now package, especially the odious developer subsidy for office demolitions.

You don't think we should have the MPDU program?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don't say that we haven't been warned. Please read the whole article ~ especially the part about the developers.

It didn’t take long to figure out why there were so many empty units on the market: it turns out nobody wants to rent a condo, and nobody wants to buy one either. Condo rents have dropped over the past two years, and according to a recent report from the Canada Mortgage and Housing Corporation, or CMHC, condo sales have fallen by 75 percent in the Greater Toronto Area and 37 percent in the Vancouver area since 2022. The market has become so dire that buyers of pre-construction condos are having difficulty closing their purchases. Banks lend money depending on the present value of the property, and some condos are worth less now than they were when the buyers made their first deposit. As a result, developers have been cancelling construction projects. Some experts say we should have seen this coming.

The title of article screams what most people already know: No One Wants to Buy a Condo

https://thewalrus.ca/no-one-wants-to-buy-a-condo/?utm_source=firefox-newtab-en-us

Sounds like a good time to make it easier to build townhomes.

They won’t be townhouses, which is too bad. They could have been townhouses, but instead they’ll be apartments because Andrew Friedson’s bill allowing lot consolidation will pass. This could have been a good package of housing measures that truly resulted in housing types not really produced now. But instead it will result in new apartments that are basically indistinguishable from what’s produced now, including in their high prices.

OK, but 25-02 is so limited in scope that it wouldn't facilitate many townhomes simply due to the small land area involved.

Instead we should open up the boundaries from the AHS proposal for townhomes.

Friedson won’t do this because his main constituents are landlords. Landlords don’t like housing that people can buy because it reduces demand for their units.

Start advocating for reopening AHS. I'll support it.

Sure if we can start by repealing the entirety of Friedson’s more housing now package, especially the odious developer subsidy for office demolitions.

You don't think we should have the MPDU program?

The MPDU program wasn’t part of the package unless you’re referring the extra 2.5/100 MPDUs included the tax abatement. I think 20-year tax abatements are too much to pay for such little affordable housing. The county could build more units at a lower cost as long as we’re spending that kind of money.