Toronto city council approves multiplexes to address housing crisis
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- Опубликовано: 11 май 2023
- Toronto councillors have approved multiplexes across the city to help address the growing housing crisis. Council voted 18-7 in favour of legalizing two, three and four-unit multiplexes, which had previously not been allowed in many parts of the city because of restrictive zoning bylaws.
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they actually did it. usually local politicians avoid issues like this due to the NIMBYS and fear of losing re-election
To afford a million dollar house you need a combined income of like 200-250k. The median household income in Toronto is about 80-90k.
Not if you are from china
Should have been done 20 years ago.
You will feel different when these places next door to you
Good start. I would also like to see the federal government provide loans, not grants or subsidies for non-market housing to help stablize long term house prices. Provincial and municipalities can support with appropriate policies.
The problem is no enough houses are being built, pouring more money means only higher prices.
@@HamidA-to8vy
Local zoning laws and bureaucracy are what's preventing new housing from being built.
That doesn’t matter wonder why cause the prices won’t go down they will get more expensive how can people even afford it. So it’s still unaffordable
The costs to even get a permit to build anything is not getting any lower.
Good first step. This will take time to play out. It is something for Toronto, working within it's borders. Canada needs a Canadian housing strategy for the country. Building north of Toronto, around Barrie, or even north of Barrie.
Lake Huron/Georgian Bay has the fresh water potential for millions, and any cities built there would not be built over farmland.
This is good in theory but it may be bad in practice. People who owns the land are about to get greedy with this new by law, I mean, yeah, we need more housing, but doing this does not necessary means that it will be affordable, just look at all those single family lots that now have two or three semis or detached houses for $2M each.
So the roads in those neighborhoods will also take 3 or 4 or 5 times the traffic? . . . How many people per hour per square foot of road is acceptable traffic?
Thank god. Thank you my local politicians!
Glad the councillors woke up
The councillors talk affordable housing but Toronto has two land transfer taxes, municipal and provincial. On a $1.2 million house you would have to pay $41,000 in taxes before you went in the front door. Consider removing the municipal portion to create affordable housing.
Housing intensification will only create tomorrows slums today.
About time!
Aaaand here we go... "Smart Cities" start your engines! Smfh!!
Nice start, hopefully the housing price would not be as volatile
Good job! Finally!
Affordable housing is a joke... You need to stop saying that. You give people false hope
Real estate investor’s incoming nightmare.
Canada is a big country why not building a new cities
Make people keep on come to this city and fix the traffic then we are all set.
The biggest problem is govt caused inflation and the fact that contractors charge too much pushing up the cost further. If govt stopped printing so much money and made training in trades easier for older canadians ( part time paid programs) maybe there will be some improvement
Toronto the most sought after city in Canada for thousands of immigrants. 😂
Have fun Toronto
Housing should be considered like food and medicine. Government does not produce or sell food, but it is government top priority to ensure food supply and enough offers on the shelves.
This will do absolutely nothing to ease the housing crisis & will simply make developers wealthier!
And city governments wealthier.
So a single family lot will now have 4 familes? In and amoungst other single famile lots? Watch how expensive they will be. Affordable is 500k or what? Pwople move out of the city due to crime and enviroment as well.
Finally! Our government is not entirely ineffective.
Must have gotten the kickbacks theycould easily convert the empty warehouses and office towers into housing
There are over 250 thousand properties approved to be developed into multi-unit residences. Remember that the next time you vote conservative or liberal. Remember that the next time you vote Conservative or PC, thinking it's all "regulations" that make it too slow and uneconomical to develop properties in Toronto.
"But this number is really big. Checkmate conservatives"
Nice L
@@GJhg-zj3xk "As a conservative, when I see a decent point I can't refute, I simply just pretend like they're the one who's wrong."
@@firefox39693 Do you realize how many people live in Toronto or how fast its population is growing? Obviously you don't.
@@GJhg-zj3xk "I just watched a video citing a council member specifically say Toronto's population is expected to grow by 700,000 people by 2050, and there are over 250,000 properties approved to be converted into multiplexes. As a conservative, I'm not serious about making any sort of argument. My purpose in life is to gaslight and be the single biggest loser I can be."
@@firefox39693 Um, sweetie, Toronto's population is expected to grow by about four million in that time. Source: the star.
Maybe do, like, basic research. Idk
The cost of purchasing the lots should be taxed heavily enough that developers building multi-unit homes don’t have incentive to drive up land prices, as has been done in Vienna very effectively.
The federal government needs to get back in the housing game which they abandoned in the 70’s which had a large part in creating the crisis in the first place.
Then expect even more expensive housing.
@@shauncameron8390 on the contrary, such a move decommodifies housing as a private asset and makes long-term leasing more the norm as we see in Europe where the housing market is far more sane & sensible than we have here. My proposal would make housing far *more* affordable, it would rebalance the scales away from housing as an investment vehicle and return housing to its proper role as a place for people to live.
I'm glad they are trying to enforce
"Use it or loose it" ruclips.net/video/YK6uU164BeQ/видео.html
i don't see how creating more housing solves homelessness. how daft are people