High Park Village and 111 Pacific – the most hilarious and painful example of Toronto NIMBYism

Tags

, , , , , , , , ,

Toronto is definitely a NIMBY city when it comes to development and densification. For those that aren’t familiar with the term NIMBY, it’s an acronym for “not in my backyard”. It’s basically a catch-all term to describe people and groups that oppose (in regards to development) new development applications, or changes to neighbourhoods.

Continue reading

Advertisements

Great office proposals get snubbed by forever NIMBYism

Tags

, , , , , , ,

Most people who live in Toronto are aware of the housing crunch. Okay, just about everyone is. It’s definitely no secret that there aren’t enough houses – detached, semi, townhouse, condos, apartments – to go around. Rents are skyrocketed as a result and everyone is feeling the pinch.

Continue reading

Massive condos with no large units – a recipe for slums

Thoughts on 39-41 Roehampton.

Last night I attended an initial public meeting for a new condo proposal in the Yonge and Eglinton area. Simply named for the address 39-41 Roehampton, the proposal calls for a 48-storey condo with more than 600 units. This might seem tall, but it’s quite close to some even taller condos either under construction or proposed, so it will fit into the “node” pretty well.

Continue reading

It’s not foreign investors who have driven up housing prices, it’s people who want to live here!

Tags

, , , , ,

 

The data puts foreign investment at less than 5 per cent of home buyers in Toronto.

It’s old news at this point, but last week the Ontario provincial government introduced a host of new rules aimed at cooling housing prices in the Greater Toronto and Hamilton Area (GTHA). While there were more than 10 new regulations/taxes implemented, the headlines all focused on one tax: the 15 per cent tax on foreign buyers who buy a house/townhouse/condo in Ontario. A similar tax was implemented in Vancouver last year, so the province had some data to back up the new tax.

Continue reading

Metrolinx might buck Bombardier

Tags

, , , , ,

Ontario’s transit authority, Metrolinx, announced today that it is looking to terminate its $770 million LRT vehicle order from Bombardier. These vehicles were planned to operate on Metrolinx’s Eglinton Crosstown, Finch LRT and Sheppard LRT. The latter two lines are not yet under construction, but with the Crosstown construction already well underway, this could seriously affect the opening of the agency’s landmark project.

Continue reading