York Region continuing with status quo, despite them declaring a climate crisis. Again, politicians patting themselves on the back with meaningless statements, but not actually addressing the issue.York Region council voted against hiking intensification of future development within urban boundaries, despite concerns from some residents about increasing urban sprawl.
Council voted 16 to 5 against a resolution by Newmarket Mayor John Taylor to increase the region's development targets to 60 per cent within urban boundaries up to 2051. Instead, the region is opting for a phased 50 to 55 per cent intensification rate, which will potentially open up 1,400 more hectares for development compared to Taylor's proposal.
Taylor said aiming for a higher intensification rate at 60 per cent would be a better move for the environment and help address resident concerns about sprawl. He said municipalities need to move away from sprawl toward intensified, transit-friendly communities.
I think the issue is one of artificial scarcity and whatever shady marketing practices developers can get away with . Around 2012, condo developers started a ridiculous trend of halving the size of kitchens, counter space etc. The shrinking of kitchens continues, and now you're seeing rediculous half size refrigerators are the norm. Publications that are largely funded by these developers ad dollars claimed these single-wall cubby holes were trendy "european style" kitchens. Meanwhile developers in Chicago or Buffalo still offer middle class consumers functional L-shape normal sized kitchens.I don't think people are willing to spend an extra $150k to have a home office. There is a reason why condos are small, they sell by the sqft and at high prices.
It's politics. Pander to your constituents, even if it means making the wrong decision. All so you can keep/ protect your job.Aiming for a higher intensification rate of 60% within urban boundaries would be a better move for the environment and help address resident concerns about urban sprawl, John Taylor sayswww.newmarkettoday.ca
York Region continuing with status quo, despite them declaring a climate crisis. Again, politicians patting themselves on the back with meaningless statements, but not actually addressing the issue.
On Oct. 28, York Regional Council — the political body that includes mayors and regional representatives of nine municipalities just north of Toronto, including Markham and Vaughan— voted 13 to 5 in favour of Regional Official Plan Amendment 7, which proposed to change the designation of 1,400 acres of Greenbelt lands from agricultural to rural.
The amendment to the region’s official development plan was initiated in June by TACC Developments, a Vaughan developer, which asked York Regional Council to redesignate parcels of protected land that surround two of its urban residential developments from agricultural to rural. These lands are known as “Greenbelt fingers” because of how they look on a map, as they follow the paths of important water systems and are adjacent to and surrounded by urban land.
In Ontario’s York Region, council just voted to allow development on 1,400 acres of Greenbelt farmland | The NarwhalA Toronto-area regional council has adopted a legal amendment that would permit development in pockets of Ontario’s Greenbelt — a decision many worry will set a dangerous precedent for future development in and around the 2 million acres of protected land. On Oct. 28, York Regional Council — the...thenarwhal.ca
This doesn't override the province?
Reducing immigration, yes, a taboo, but absolutely should be on the table.Either you have to open up more land to development to fight artificial land scarcity which is a big driver in inflated land prices . Or you have to cut immigration which is political suicide.
Buffalo's real estate is cheaper because there is no artificial land scarcity which Places to Grow has created. You don't see ridiculous crap like $900/month bedroom room-for-rents [with no ensuites! you have to share the freakin bathroom with a stranger roomate! ] listed there like I see on kijiji.
Im all for opening much more greenbelt land (while preserving greenspace around sensitive watersheds), in addition to greenlighting laneway homes in the 416 and dismissing NIMBYism. Not everyone can afford to shell out money for egregiously high condo fees.
Taxing the capital gains on principal residences would also be a sensible move to discourage small-fries flipping which also drives up housing costs
Reducing immigration, yes, a taboo, but absolutely should be on the table.
But the elephant in the room is the low interest rate. That factor, more than anything else, has turned housing into an investment.
Frankly, no amount of supply will fix this issue when 50-70% of pre-con condos are purchased by investors to rent out. It is kind of an artificial shortage in that there's too much demand for housing. Kind of like the microchip "shortage" when it's just a few large players hoarding all the chips and buying out years worth of production in advance.
It's also interesting that housing activists/urbanists always advocate for a supply side solution even when they're all about the demand side in other situations. For example, it's widely known that adding more traffic lanes doesn't address congestion. Instead, the solution to congestion is cutting lanes or tolling roads to force people into other modes and drive less. I.E. choking off demand. So why is housing different? Building more supply will just induce more demand from investors. The real solution is choking off the speculative/exaggerated demand.
Buffalo's a bad comparison because it doesn't have the population and employment size+growth as Toronto.