darwink
Senior Member
Non productively goes to real estate. Adding new capital stock is productive.
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- Thread starter Surrealplaces
- Start date
maestro
Senior Member
That's not my point It's another conversation. To building a building is a huge upfront cost and you can't walk into a bank for it. It's not on a municipality if a developer can only afford 1 project every 5 years or 5 projects every year. There's always room to further streaming the planning process for new development. However, every city has approved development. Calgary has tens of thousands of units approved. Toronto has hundreds of thousands approved.
darwink
Senior Member
Attaintable Homes is owned by the City.
darwink
Senior Member
That number may be from this report: https://www.cbc.ca/news/canada/toronto/ontario-housing-homes-approved-not-built-1.6774509 which was widely criticized as including proposed, and submitted but not approved projects.
maestro
Senior Member
That's the first I've seen that report. I didn't say over a million. I said hundreds of thousands. Development Ready, MZO and, as of right is 545,000 in the pic you posted!
maestro
Senior Member
It's not on a municipality if a developer can only afford 1 project every 5 years or 5 projects every year. It doesn't matter if the developer is municipally owned. They can only build what they can afford and most municipalities do not have the budget to build a lot of housing.
darwink
Senior Member
You said Toronto, the report is all of Ontario. Anyways.
darwink
Senior Member
They can choose to do a lot more. Turns out what we've been doing is mostly wrong, and we let the problem build up to the point where now we are close to an all of the above situation and Toronto and Vancouver are far past it.
One of the first choices municipalities can make is to raise taxes to reduce development fees and capitalize housing supply growth.
maestro
Senior Member
I'm not using that data either. 545,000 acrss Ontario means hundreds of thousands in Toronto.
Fair points on housing strategies. Of course raising property taxes to subside new market housing development ( one bedrooms renting from $2000 to $4000l is not one I would support. Record number of people moving and studying in Canada with national housing supply shortages is not sensible planning either. The reliance on housing for economic growth is not a stable course by any means
Fair points on housing strategies. Of course raising property taxes to subside new market housing development ( one bedrooms renting from $2000 to $4000l is not one I would support. Record number of people moving and studying in Canada with national housing supply shortages is not sensible planning either. The reliance on housing for economic growth is not a stable course by any means
| U/C Core | units | U/C Inner City | units | U/C Suburban (non-greenfield) | units | |||||
| Oliver | 461 | Konekt | 104 | The Dells | 202 | |||||
| Sunalta Towers | 333 | Flyover Block | 65 | Dean's Landing | 135 | |||||
| The Hat 14th | 239 | Munro | 198 | 19 + 2 | 51 | |||||
| 1400 on 10th | 106 | Block on 4th | 39 | Trail 19 | 78 | |||||
| Arris Tower west | 310 | Bridgeland 515 | 36 | Shawnessy Station | 160 | |||||
| Park Central II | 460 | River's Edge | 102 | The Forge (Gramercy) | 83 | |||||
| Nude | 177 | The Hive | 140 | BTYYC | 44 | |||||
| First & Park | 211 | Lynbrook Manor | 48 | DeVille | 333 | |||||
| 4th Street Lofts | 270 | Frontier | 266 | Block 15 | 303 | |||||
| The Cornerstone | 112 | The Cunningham | 40 | Cascade | 45 | |||||
| The Barron | 94 | Hudson | 125 | Davenport (Currie) | 193 | |||||
| Riverpark | 52 | Mission Flats | 67 | Belvedere Landing | 214 | |||||
| Eau Claire Place | 90 | Enzo | 70 | Argyle | 151 | |||||
| EV 606 | 44 | 1732 | 30 | Elbow 5 Eight | 255 | |||||
| Teck Place | 113 | 1615 33rd ave | 22 | Varsity Mixed Use | 44 | |||||
| Homespace 12 ave | 35 | Glenmore apartments | 284 | |||||||
| Harmony One | 36 | |||||||||
| Alexandria (Currie) | 168 | |||||||||
| West 33 | 149 | |||||||||
| Mission Landing | 70 | |||||||||
| Uxborough Phase 1 | 203 | |||||||||
| Quesnay at Currie | 99 | |||||||||
| Crown Park | 156 | |||||||||
| Glamorgan Landing Estates | 278 | |||||||||
| Icon at Mission | 100 | |||||||||
| WestUrban37 | 177 | |||||||||
| Northland Village | 229 | |||||||||
| Total | ||||||||||
3072 | 1387 | 4240 | 8699 | |||||||
| Added Homespace 12 ave | 35 | |||||||||
| Added 1732 26th ave | 30 | |||||||||
| Added Enzo | 70 | |||||||||
| Added 1615 33rd ave | 22 | |||||||||
| Added EV606 | 44 | |||||||||
| Added Munro | 198 | |||||||||
| Added Icon at Mission | 100 | |||||||||
| Added Westurban37 | 177 | |||||||||
| Added Teck Place | 113 | |||||||||
| Total New | 789 | |||||||||
| Removed Capella | 142 | |||||||||
| Removed Riverwalk | 141 | |||||||||
| Total Removed | 283 | |||||||||
A good quarter, with 9 new projects added. I haven't added 1901 College, or AHC 6th Ave yet as there aren't drillers on site yet, but I am expecting them both to show up next quarter. If there are any projects that should be on the list...or projects that can be removed, let me know.
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@Surrealplaces thanks for putting that together! Small correction: I think Glenmore Landing Estates should be Glamorgan Landing Estates.
Fixed. Thank you!
CalgaryTiger
Senior Member
Great work, when is Arris Tower west considered complete?
Good question. I don't know if people have started to move in yet, but that would be the point it's considered completed as far as the tracker goes.
Alex_YYC
Senior Member
We can also add the 16th ave coop development.