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Are they also paying for the site HAZMAT remediation at the sites that have become derelict?
Cost of housing in Canada
- Thread starter mariomike
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I'm guessing those would be minimal if the buildings are already in existence - and if they treat commercial tenants like the private sector, it's the developers who'll have to pony up renovation money. Yeah, I know, dare to dream ...
That ain't gonna be zero - we'll see, indeed.
There are a number of conservation properties in Ontario that are owned by various municipalities and they have leased out the land. A number of indigenous groups are also leasing out land on lakes for cottages; any number of which would qualify as 4 season homes as they are quite substantial. But here is the kicker, no bank will provide a mortgage you must either private finance or go in cash. Why would land owned by the feds be any different"
lenaitch
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I doubt it will make much of a dent. Looks like five in the GTA including three in Toronto, all adjacent to each other on former CFB Downsview land, all small (and one in Port Perry for some reason).Let's see how many developers are willing to lease federal lands to build affordable housing of some kind ....
Toronto, Canada & Global Breaking News – CP24
Most recent News News business news stories and video from CP24www.cp24.com
Government of Canada lists federal lands for housing and new tool for builders - Canada.ca
Canada is facing a housing crisis that is impacting lives and communities across the country. We need to build more homes, faster, to get Canadians into homes that meet their needs, at prices they can afford.www.canada.ca
Interactive map showing sites here
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To add: Vague memories from childhood but the maps puts the three Toronto properties about where I recall the west gate guardhouse was. If anything they were housing but memory suggests they were either vacant land or some minor building.
lenaitch
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And normal provincial landlord-tenant legislation does not apply. Some FNs also have restrictions, such as number of days you can occupy on-season, off-season, etc.
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I doubt the parcel in Kyle, Sk and the two parcels in Vancouver are going to have much impact on housing prices.
There is a big parcel at the main gate of Greenwood that is concerning. Perhaps that should be RHUs?
There is a big parcel at the main gate of Greenwood that is concerning. Perhaps that should be RHUs?
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The plot in Kingston is all historically protected buildings attached to the larger Kingston Penn site. I'm positive there isnt going to be any housing cropping up there any time soon. Especially if the Heritage Council has any say in it.
lenaitch
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I dunno. KP would make a unique condo or hotel. I've stayed in the hotel built around the old London armoury. Granted, hotels aren't housing.
I avert my gaze whenever I pass that travesty, preferring to remember the Dundas Street Armoury as it was, inside and out, in simpler and happier times.
I have no idea of what it looks like now.
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You should look at Westbank, BC, (West Kelowna). The Westbank First Nation (WFN) owns the land (and sometimes the buildings) of most of the shopping malls. Lots of housing - houses and Apt blocks are always being built. I live on WPN land with a 100 year lease that commenced around 2007.
No problem with a mortgage. Home insurance can be tricky with some companies. Cannot vote in West Kelowna municipal elections. WFN is a well managed, progressive, rich FN. Same down South, near the US border, in Osoyoos
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We have a hotel built in one of the former courthouses in Thunder Bay, and it's not a bad stay.
For sure.
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The Courthouse Hotel is awesome. One of the most interesting hotels I’ve stayed in.
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Those well running FN bands know that the key to success is developing an environment where appropriately encouraged and managed external investment is to their benefit. Those that would entice external investment and then exercise an overruling prerogative to deny the external access, would perhaps see a short term gain from asset expropriation, but would be sealing their fate against any future investment…
Colin Parkinson
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The WKN has been the shining star and leader for all the other progressive bands. But most are far, far behind in that sort of thinking.
foresterab
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Found this of interest:
But it highlights the lack of growth in supply compounded with the increasing demand for low rent (which also speaks to me about individuals on low incomes) and then I ponder how much of this is an end run around the foreign ownership restrictions/greed.
Not sure what the solution is though as it's not working for landlords who can't evict deadbeat tenants and it's not working for tenants who can't deal with predatory landlords.
But it highlights the lack of growth in supply compounded with the increasing demand for low rent (which also speaks to me about individuals on low incomes) and then I ponder how much of this is an end run around the foreign ownership restrictions/greed.
Not sure what the solution is though as it's not working for landlords who can't evict deadbeat tenants and it's not working for tenants who can't deal with predatory landlords.
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Regarding the Fall 2024 housing outlook.
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foresterab
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Man...if I sold my house I'd be stuck at Regina or Timmons to be debt free. Been there and there's a reason I'm not in Northern Ontario.
Those are really depressing numbers when I think of what the average salary is for folks + cost of child care.
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Ford in Cobourg telling the homeless to get a job to get out of the homeless encampments.
Cobourg isn’t exactly cheap right now for someone with a decent job, let alone one who is homeless and probably has zero money. It’s not like the new employees will magically make enough to get rent right away.
I definitely think people should work, but “get a job, hippie” bootstrapping isn’t a quick solution.
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The only way to get ahead of housing inflation is to make more & more money, quickly. Expecting the Government to rescue us is akin to waiting for magical life boats to appear on the deck of the Titanic. Mostly because their policies and laws are part of the problem.
My opinion is it's a dog-eat-dog World out there and the only way to get ahead is to out hustle the hustlers.
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