In today's episode, we do a deep dive into the rental housing market and look at some changes Manitoba's government is making to rent control rules.
Watch here: www.youtube.com/watc...
This is mostly an artifact of how Statcan defines boundaries, but I find it hilarious that Canada's most densely populated metros/agglomerations include Stratford, Ingersoll, Tillsonburg, and Woodstock.
Yep. And we realize that now.
And what did we do, to the people who thought this was a good idea? We gave them even MORE power to design our cities!
You're right; I should just trust random bros on the internet who provide no evidence other than "no it isn't".
Well, for one thing, you can't cut the listing price on a home if it wasn't listed.
Like I said from the outset, it was a conjecture based on an observation, not based on any kind of firm analysis.
That said, the experience of folks on the ground suggest that there might be something there.
How many homes have you sold recently in that neighbourhood?
1. I indicated that in the original post that it was just a hunch and
2. After I posted that, I heard from a realtor in that neighbourhood that confirmed that, yes, that's exactly what's going on.
Curved streets cost developers more money; they weren't doing it because they have hearts full of charity.
Exactly, right. It wasn't aesthetic at all (or at least strictly so); it was designed as a safety feature and taught in planning schools for decades.
1. Not all new sales are precon
2. For low-rise pre-con, a sale today could be completed by the fall.
3. Not all resale sales are for immediate possession.
Resale and new absolutely do compete with each other.
I don't know how common this is, but I am seeing a bunch of resale home listings that have knocked quite a bit off the price since the federal-provincial agreement on HST for new homes. Wouldn't be a surprise, as resale competes with new build.
Depends who the other guys have playing first. (Too soon?)
Just turned on the Jays game. I'm guessing someone advised Lukes and Okamoto to start believing in dinosaurs.
I'd also want to know *who* bought it. Seems like to me, some rich person/corporation could buy a heck of a lot of goodwill from the government by paying the same amount.
Jared Zaifman, CEO at The London Home Builders' Association and I were guests on the Matt Brown podcast today, talking about all things housing.
Listen here:
There is, yeah, but it slowed down substantially for about 20 years.
There is any argument to be made to turn Middlesex into a single municipality, like Chatham-Kent did.
Late last month, @markcarneytweets.bsky.social & Doug Ford launched a Multi Billion Dollar Housing Affordability Program. @mikepmoffatt.bsky.social founder of @missingmiddleca.bsky.social & Jared Zaifman, CEO of LHBA provide insight. the-matt-brown-podcast.simplecast.com/episodes/mik...
In today's episode, we examine "The Collapse of Youth Happiness in Canada". Is social media really to blame? Or is the bigger story about expectations, affordability, and “option freedom”: the ability to make meaningful life choices.
Watch here: www.youtube.com/watc...
If a driving commuter lives in Carleton Place, Carleton place gets that per capita revenue, regardless of which roads that driver uses.
No, the formula isn't based on where fuel was purchased.
Having residents move out lowers the amount of money those larger centers get for transit.
No, because theyd get even *more* money if those commuters were able to live in the City.
Depends on how you define success. I'd point to London ON as one example, which was getting killed on these costs prior to the amalgamation in the early 90s.
The gas tax dollars can actually exacerbate this, because of how they're allocated to each municipality!
So for $2500 a year, they can save 200 hours or so of commute, and over 10000 km of gas, wear and tear on a car (which based on Treasury Board guidelines, is worth about $6000).
That seems like a fantastic deal.
Okay call it $2500 a family.
Do you think that's going to deter people from moving to the suburbs, when right now they're moving an additional 30 mins away to get a family home?
This is key: "[T]he institutional structure of US fiscal federalism allows some jurisdictions to function as tax shelters for wealthy residents and corporations, while conversely subjecting other jurisdictions to severe fiscal stress, even in broadly prosperous metropolitan areas."
There is a *lot* of US research on this, though I'll note it's not apples-to-apples, as the geographic size of US "core" municipalities tends to be smaller than in Ontario.
academic.oup.com/ser/article/...
The Centre for Policy Alternatives had the number at $40+ million a year for Winnipeg.
There hasn't been a lot of attempts to estimate it. I've been pestering cities for years to attempt to do it, with no response.