evandyk
Senior Member
I think only one even admitted to struggling with mortgage payments!
One of the first questions was when they each bought their first home. Every single one is a homeowner and most bought in their 20s.
Yeah, though Chow famously lived in a coop before that, which was subsidized as many coops were. It's interesting that nobody really suggested anything to do with coops as a potential piece of the solution for housing, even though the model created tons of units in the past. For many of them the bills are coming due now and some are finding them hard to pay, but it should be one of the tools we use.Chow was in her 40s
Co-ops are 100% useful as "part of the mix" as one of the tools we use in the 2020's -- BUT they never really "created tons of units in the past".Yeah, though Chow famously lived in a coop before that, which was subsidized as many coops were. It's interesting that nobody really suggested anything to do with coops as a potential piece of the solution for housing, even though the model created tons of units in the past. For many of them the bills are coming due now and some are finding them hard to pay, but it should be one of the tools we use.
Co-ops are 100% useful as "part of the mix" as one of the tools we use in the 2020's -- BUT they never really "created tons of units in the past".
In Ontario, province-wide the old Co-op model created approx. ~1,800 units per year - and the average size of a Co-op was only around ~80 units per Co-op organization.
As mentioned, "for many of them the bills are coming due now and some are finding them hard to pay" - which makes it hard for a whole-scale reinvention of the Co-op sector in Toronto in the 2020's.
The number of Co-ops that could take-on the building and operation of a net-new 250+ unit apartment building in Toronto is really pretty small.
FAQ - https://chfcanada.coop/about-co-op-housing/facts-and-figures/
You can't really "scale the numbers from the previous model on to the current population; (with) all other things being equal" - Co-ops, Church groups, etc - all have much weaker capacity for scale and risk that larger institutional players.Hmmm, how many units of affordable housing have we built each year for the last 10 in any form (RGI, Co-op, Mixed development?)
I'm genuinely curious, but also fairly sure its below 1,800.
Also important to scale the numbers from the previous model on to the current population; as all other things being equal, one would expect a correlative increase.
We have roughly 75% more people in Ontario than we did in 1975; (which I'm pegging as the co-op era, but you may wish to correct me on that); I would therefore expect 1,800 units per annum then, to equal 3,150 units per annum now.
Hopefully they are thinking boldly. This is really escalating to crisis levels.Trudeau says new housing-based long-term infrastructure plan coming this fall
https://www.cbc.ca/news/politics/trudeau-housing-long-term-infrastructure-1.6856234
Well yeah, because the same government is also pursuing unsustainable immigration policies... They have no interest in solving the problem; in fact, they and their banking/developer puppet masters benefit from things getting worse.Hopefully they are thinking boldly. This is really escalating to crisis levels.
Ah perfect, I was waiting to bust out a StatsCan report from a few years ago questioning the "immigration good" meme:'Neighborhood characteristics' is such a charged term that it is specifically taught about within university planning history courses. And this supposed overload of people has been the only thing maintaining the Canadian high quality of life as the birth rates of existing citizens declines rapidly. Never mind the fact that Canada has always been a nation based around high levels of immigration. Cities and regions refusing to build new housing does not mean that immigration is a problem.
The industry is already at max capacity. How exactly are you proposing to get more? And remember those thousands of units you're enamoured with are mostly studios appropriate only as student rentals.The affordability crisis has been created by decades of local and provincial zoning prohibiting the construction of anything other that single family homes. This has been perpetuated by politicians and local residents associations. Are you seriously proposing that the companies building thousands of new units yearly are creating a housing shortage?
Yeah and there's the problem lol. Extremely politicized and to be taken with a truck load of salt.university
Nobody's refusing to build anything. If anything, we're building at record levels, at least in Toronto. Was there ever a time we were consistently building 20,000+ units a year?Cities and regions refusing to build new housing does not mean that immigration is a problem.
And? Are you really arguing "well that's always the way it's been done"?Never mind the fact that Canada has always been a nation based around high levels of immigration.
People from second and third world countries don't maintain their higher birthrates when they come here. The cost of living is so exorbitant that their birth rates align with the existing population over time.And this supposed overload of people has been the only thing maintaining the Canadian high quality of life as the birth rates of existing citizens declines rapidly.
Making low-rise easier and more economic to build ought to help. It's largely a different supply base for low-rise construction vs high rise. Improving the economics ought to help bring in more resources to build at a higher throughput.Nobody's refusing to build anything. If anything, we're building at record levels.
Making low-rise easier and more economic to build ought to help. It's largely a different supply base for low-rise construction vs high rise. Improving the economics ought to help bring in more resources to build at a higher throughput.