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Cost of housing in Canada

Toronto should read zero into any federal promise until they have the cheque cashed and money in hand. The liberal government cannot be trusted with the most basic of honest intentions. It's not in their nature to keep promises.
 
IKnowNothing said:
Long term, done right, that could be the answer. Short term? Recipe for rapid "gentrification" and rural alienation as people get rapidly priced out of their hometowns by the influx of of city money.
Click to expand...
I had a chance to move to Prince Edward County a few years ago. Nice rural county with a few small towns. Then it 'got found' by urban folk. Now it's all art shoppes, wineries and bistros selling unicorn burgers. All of a sudden it was priced out of reach. Similar changes have happening in places like Carleton Place, Barrie and lots of other communities.

Not everyone wants to live in a small community and, of those who do, many want to make it into smaller version of the city they came from. Not everyone care work-from-home. Rural connectivity is a challenge but much less so in small to medium sized towns. Most medium-sized communities have decent road connections.

Airports? Unless we are willing to subsidize scheduled regional airlines like Ontario did with NorOntair, many short hauls are money losers, expensive and prone to cancellation. Getting slots at places like Pearson is already a challenge.
 
Invest in trains, it makes so much more sense than planes or cars. Its also substantially better for the environment. The problem is the high upfront costs associated with them.
 
Eaglelord17 said:
Invest in trains, it makes so much more sense than planes or cars. Its also substantially better for the environment. The problem is the high upfront costs associated with them.
Click to expand...
And land,....and people to use them. I see lots of GO trains go by that are mostly empty.
 
Eaglelord17 said:
Invest in trains, it makes so much more sense than planes or cars. Its also substantially better for the environment. The problem is the high upfront costs associated with them.
Click to expand...
The capital and operating costs are both blowouts. The problem is that trains operate on absolutely fixed monopolistic routes which are expensive to build, whereas buses have comparatively unparalleled flexibility and use multi-purpose thoroughfares. Eventually the operating deficits of trains cause transit authorities to start cannibalizing bus routes, and things just get worse.
 
IKnowNothing said:
That's something I've been thinking about. In my hometown (and I'm sure all across the country) there's no shortage low key 3-8 unit multires buildings, made from converted "stately" homes - two story sprawling brick pre-wars. They'd be out of place in a neighbourhood of cookie cutter bungalows, but anything with any size variety at all they blend right in. But you'd never get approval to build them.
Click to expand...
I lived in one of those apartments made from a "stately home"... I'd rather live in a building made to be apartments.

Three to four story low rise buildings don't hurt the communities they are in, apart from the fact they allow in filthy "renters"... Nothing is worse in a respectable community than people who are too poor to buy a home.
 
mariomike said:
$10 million in Toronto.

Detached. 3 beds. 2 baths.

strata.ca

821 The Queensway Ave | 2 Beds | 1 Bath | Listed for Rent

View photos and details for W9392062
strata.ca strata.ca
Click to expand...

Or you could just rent for under $5000 per month. That's pretty much in line with commercial property in the area that range from $25 to $40 per sq ft. While property is running high these days I don't see how a buyer can recoup costs at $10 million.

www.realtor.ca

Check out this listing

#MAIN -821 THE QUEENSWAY, Toronto, Ontario M8Z1N6
www.realtor.ca www.realtor.ca
 
Blackadder1916 said:
Or you could just rent for under $5000 per month. That's pretty much in line with commercial property in the area that range from $25 to $40 per sq ft. While property is running high these days I don't see how a buyer can recoup costs at $10 million.

www.realtor.ca

Check out this listing

#MAIN -821 THE QUEENSWAY, Toronto, Ontario M8Z1N6
www.realtor.ca www.realtor.ca
Click to expand...
In some cases, having the missing piece for someone trying to accumulate a larger collection of land lets you extract a significantly higher price.
 
dapaterson said:
In some cases, having the missing piece for someone trying to accumulate a larger collection of land lets you extract a significantly higher price.
Click to expand...
sculptured software monopoly GIF
 
dapaterson said:
In some cases, having the missing piece for someone trying to accumulate a larger collection of land lets you extract a significantly higher price.
Click to expand...

Well, there is something happening in the neighbourhood. But that was a larger lot. All it needed was a zoning change.


urbantoronto.ca

Marlin Spring Proposes 11-Storey Mid-rise at 801 The Queensway | UrbanToronto

Marlin Spring Developments has proposed an 11-storey building at 801 The Queensway in central Etobicoke. The proposal, designed by Graziani and Corazza and located three blocks west of Royal York Road, calls for 206 condo units and 12,755 ft² of retail.
urbantoronto.ca urbantoronto.ca
 
I suppose most like to keep an eye on local housing markets.

This one ( Toronto - Bloor West Village area ) sold for $1.9-million (May, 2023).
www.theglobeandmail.com

Bloor West house sells $501,000 over asking

Four-bedroom house situated just two blocks south of Bloor Street and 750 metres west of High Park on the market for one day
www.theglobeandmail.com www.theglobeandmail.com

Toronto ( Danorth and Vic Park area ) two-bedroom semi went for $830,000
headtopics.com

Buyer bids $131,000 over asking for east-end semi-detached bungalow

Danforth- and Victoria Park-area home attracted two dozen visitors with $699,000 list price, but buyer won over other bidders with $830,000 offer
headtopics.com headtopics.com

This one ( Toronto - Yonge and Lawrence area ) got $2.368 Million.
headtopics.com

Sellers of revamped house reject three offers, raise price to get $2.368-million

Previous owners of two-storey house personalized it inside and out, from heated floors to a new stone patio
headtopics.com headtopics.com

etc...

​

 
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