Oakville 50 Speers Road | 91.3m | 27s | Helberg Properties | BDP Quadrangle

[AlbertC]

da - Helberg Properties Limited c/o Collage Works - 50 Speers Road

da - Helberg Properties Limited c/o Collage Works - 50 Speers Road

www.oakville.ca

An application has been submitted to replace an existing 7 storey rental apartment building wih a new purpose-built rental apartment building consisting of a 7 storey podium with a 20 storey tower element (total 27 storey, 314 new rental units)

 

[wopchop]

While I normally am extremely happy to see expansion of rental stock (especially here in Oakville), it is unfortunate that most of the existing tenants likely will not be able to afford the new rental prices, and will not be able to find new housing in this area. Right now this building provides affordable housing, which is direly needed here in Oakville.

 

[Undead]

Does Oakville have a rental placement policy?

 

[denfromoakvillemilton]

nice!

 

[wopchop]

Does Oakville have a rental placement policy?

Not that I am aware of - but I'm not certain.

 

[innsertnamehere]

Does Oakville have a rental placement policy?

No. It will soon though with the province indicating they intend on making rental replacement a province-wide policy.

 

[innsertnamehere]

‘DEMOLITION’: Loss of rental housing in Oakville neighbourhoods a big concern and councillors are trying to combat it with new bylaws

OAKVILLE- Oakville councillors have taken steps, which they hope will preserve the town’s existing supply of rental housing stock while strengthening tenant protections.

www.insidehalton.com

Oakville has implemented a rental replacement policy in response to this development:

Oakville councillors have taken steps, which they hope will preserve the town’s existing supply of rental housing stock while strengthening tenant protections.
Council voted to approve a rental housing protection bylaw and demolition control bylaw during its meeting on Monday, July 10.
Assistant town solicitor Dennis Perlin noted in a report to council that the loss of rental housing in general and affordable rental housing in particular has become a growing concern in recent years.
He referenced a property owner’s recent proposal to demolish 59 affordable rental units at 50 Speers Rd., and replace them with a 309-rental-unit apartment building at market rents.
“This report proposes a S99.1 Rental Housing Protection Bylaw to protect existing rental housing from demolition or conversion to condominium or other non-residential rental purposes or to non-residential purposes by way of a Section 99.1 Permit with conditions,” said Perlin.

The permit system would essentially require a property owner seeking to demolish or convert a residential rental property with six or more units to satisfy a number of conditions.

 

[interchange42]

‘DEMOLITION’: Loss of rental housing in Oakville neighbourhoods a big concern and councillors are trying to combat it with new bylaws

OAKVILLE- Oakville councillors have taken steps, which they hope will preserve the town’s existing supply of rental housing stock while strengthening tenant protections.

www.insidehalton.com

Oakville has implemented a rental replacement policy in response to this development:

I read more of that article. While they don't mention it, it does appear that the new bylaw closely follows Toronto's long established way of dealing with rental replacement units. Looks like one Oakville councillor was crying "if we do this, landlords might not want to upgrade their facilities anymore"… yeah, being able to build 200 more units on what's now a 10-unit or whatever site has NOT been a deterrent in Toronto! Anyway, I'm glad Oakville passed this despite some "sky is falling" type fear from some; renters will have far more options as a result.

42

 

[wopchop]

Looks like one Oakville councillor was crying "if we do this, landlords might not want to upgrade their facilities anymore"… y

His comment makes no sense. Landlords like to do this, especially in buildings with long-established tenants, because it helps justify rent increases due to capital expenditures.