FANTASTIC! i've been praying that the vast majority of the city finally enters (i'd say the 21st century but really its rediscovering the urban form of the early 20th) the modern age. As someone who grew up in a part of Toronto that was a 15 minute city, i cant wait for everyone to have that opportunity!
You'd rather have unaffordable housing and terrible zoning that requires car ownership because you convinced yourself that apartments are a government conspiracy
Don't be so excited. They did this in Vancouver and guess who own the majority of new development , the investors, not the working/ middle class. The developpers are very happy about this new law because instead of making 1 mil dollar profits they will make 3 millions on the same lot. Toronto will never be an European city , but definetly will be North American city like NY or Chicago with high degree of violence and congestion everywhere. Not to mention how many " social houses" = "affordable houses " will be intagrated . Do't get dilusional this is about money and more profit for developers and more taxes for the city. Regading the carbon foot print , if you really care about the enviroment stop buying made in Asia, we can not contain the polution only on one continent, the air is circulating.
how would you address housing issue then? also, US, mexico and canada are entering into new trade agreements (aka friend shoring) to bring back more production to this continent. so the reduction in asian imports is already beginning
@@justinleon3509 That's a good start to bring production here. I don't know what happens in Mexico, but USA doesn't have a house crisis. The solution is simple don't allow internal and external investors to buy properties in GTA / Vancouver unless the entire building it's are rental property. 30-40% of real estates in Canada belongs to investors. There are criminals all over the words that laundry money in here. It's an entire mafioso organisation that involves politicians from all political parties , developers and banks . The banks help investors to keep the properties that they can not aford by extending their amortation periods way over 30 years. In addition the government brings more " milking cows" = immigrants that overcrows big cities lke Toronto. If they want to populate Canada they need to redirect immigrants to Atlantic Provinces. Norhen QC, ON etc. but at least 50% immigrants come here in GTA.
It is pretty clear people owning detached properties in Toronto cash in. No doubt an industry will develop specializing in snapping up and converting properties.
...given the real estate 'laws' in Ontario, isn't this just allowing smaller developers to tear down and rebuild and reset the overall marketability and expense of 'rentals'?
Developers don't care about runty houses that at most can be 4 rental units. They care about midrise condos and higher. Yes investors will buy properties but they were already doing that and tearing them down for massive single family homes and selling them. By not permitting multiplexes all you are doing is making it more palpable to do a tear down and sell new single unit homes for 1.5 million. Also tear downs to build multiplexes don't pencil. The process for selling individual units is the same if you are talking 4 units or 800 units. It's time consuming and incredibly expensive. You'd never make enough to justify the legal/demolition/rebuild costs (and the same goes for tearing it down and renting the units). Which means new units we see come of this will come from additions to existing buildings and only units that are rented out.
Great but this will destroy historical neighbourhoods like the Annex and Danforth area say goodbye to beautiful Victorian homes and welcome the age of modern shoe boxes
No, land values just went thru the roof. If a developer wants to build a 4plex on a single family home lot, he's going to have to pay thru the nose to acquire that property
Ahh, finally tomorrows slums today. They will NOT be affordable, and this will only benefit investors and developers. Oh yes, the city will also reap more taxes and charges.
@marksanchez7323 that's not a choice for you to make on other behalf. How would you like decision you know are wrong and Create hardship on you and your family are made and forced on you by others? Be aware of others needs
@@mufasa226 suburban sprawl and car oriented development are the leading cause of green house gas emissions in the USA, Canada and Australia. And the main reason for the sprawl is single family zoning (also known as Euclidean zoning) its time to get rid of this even if housing is affordable. Look at Edmonton, they removed single family zoning even though they do not have severe housing issues. And it's a form of discrimination and indeed has a racist origin. Can you imagine if Canada had a white family residential or healthy family residential zoning where only healthy or white family could live and non white people or disable people had to live on 20 percent of the land. And imagine Canada trying to remove those zoning and then people live in them fighting against the law coz they want to preserve the "character of the neighborhood " do you think that would be acceptable in Canada 2 decades after 21st century....
@@roshanramesh2634 people of all races don’t want to turn their neighbourhoods into overpopulated slums. Canada’s immigration rate is the largest source of new housing demand.
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Finally the city will actually be a city and not a slightly denser rural place
Here come the NIMBY's that will block any progress.
Demolish single family neighborhoods and increase the height limit to 4-5 stories!!!
Finally! Joining the legion of other enlightened cities like the European ones.
Of, so now zoning has been up-zoned. All single family homes land values just increased lol
Care to explain?
That also have a housing crisis.
Garden Suites can be a big pay off
Finally!! about time!! now the rest of the gta needs to follow up with these zoning laws.
GIGANTIC W
Pack Em' N Stack Em'... it all plays in with the whole 15 minute city plan that they have.
FANTASTIC! i've been praying that the vast majority of the city finally enters (i'd say the 21st century but really its rediscovering the urban form of the early 20th) the modern age. As someone who grew up in a part of Toronto that was a 15 minute city, i cant wait for everyone to have that opportunity!
You'd rather have unaffordable housing and terrible zoning that requires car ownership because you convinced yourself that apartments are a government conspiracy
Don't be so excited. They did this in Vancouver and guess who own the majority of new development , the investors, not the working/ middle class. The developpers are very happy about this new law because instead of making 1 mil dollar profits they will make 3 millions on the same lot. Toronto will never be an European city , but definetly will be North American city like NY or Chicago with high degree of violence and congestion everywhere. Not to mention how many " social houses" = "affordable houses " will be intagrated . Do't get dilusional this is about money and more profit for developers and more taxes for the city. Regading the carbon foot print , if you really care about the enviroment stop buying made in Asia, we can not contain the polution only on one continent, the air is circulating.
how would you address housing issue then? also, US, mexico and canada are entering into new trade agreements (aka friend shoring) to bring back more production to this continent. so the reduction in asian imports is already beginning
@@justinleon3509 That's a good start to bring production here. I don't know what happens in Mexico, but USA doesn't have a house crisis. The solution is simple don't allow internal and external investors to buy properties in GTA / Vancouver unless the entire building it's are rental property. 30-40% of real estates in Canada belongs to investors. There are criminals all over the words that laundry money in here. It's an entire mafioso organisation that involves politicians from all political parties , developers and banks . The banks help investors to keep the properties that they can not aford by extending their amortation periods way over 30 years. In addition the government brings more " milking cows" = immigrants that overcrows big cities lke Toronto. If they want to populate Canada they need to redirect immigrants to Atlantic Provinces. Norhen QC, ON etc. but at least 50% immigrants come here in GTA.
It is pretty clear people owning detached properties in Toronto cash in. No doubt an industry will develop specializing in snapping up and converting properties.
Real estate investor’s incoming nightmare.
Good video,.(,
...given the real estate 'laws' in Ontario, isn't this just allowing smaller developers to tear down and rebuild and reset the overall marketability and expense of 'rentals'?
Developers don't care about runty houses that at most can be 4 rental units. They care about midrise condos and higher. Yes investors will buy properties but they were already doing that and tearing them down for massive single family homes and selling them. By not permitting multiplexes all you are doing is making it more palpable to do a tear down and sell new single unit homes for 1.5 million.
Also tear downs to build multiplexes don't pencil. The process for selling individual units is the same if you are talking 4 units or 800 units. It's time consuming and incredibly expensive. You'd never make enough to justify the legal/demolition/rebuild costs (and the same goes for tearing it down and renting the units). Which means new units we see come of this will come from additions to existing buildings and only units that are rented out.
Great but this will destroy historical neighbourhoods like the Annex and Danforth area say goodbye to beautiful Victorian homes and welcome the age of modern shoe boxes
No, land values just went thru the roof. If a developer wants to build a 4plex on a single family home lot, he's going to have to pay thru the nose to acquire that property
Ahh, finally tomorrows slums today. They will NOT be affordable, and this will only benefit investors and developers. Oh yes, the city will also reap more taxes and charges.
Exactly. Sad to see the short sighted crowd falling for this.
its almost like we are in a housing shortage and need change similar to this, d1pshit.
Shut up nimby. We've listened to you morons for too long and all you've done is create car dependency and housing shortages
Wait for it ...CONGESTION
This is Toronto, congestion is already here
There’s no parking to increase congestion anyway
@@andrewehyang congestion does not relate to parking but slow moving traffic and higher travel time
Congestion is caused by car dependency. Make dense neighborhoods with good transit and fewer people will be driving
@marksanchez7323 that's not a choice for you to make on other behalf. How would you like decision you know are wrong and Create hardship on you and your family are made and forced on you by others? Be aware of others needs
how disgusting... it'll ruin neighborhoods... all about greed
Greed on the part of the government and YIMBY activists.
Ugh! Plex housing presents the worst of both worlds: no privacy and no amenities. I'd rather live in an apartment instead.
Except single-family detached homes lead to higher CO2 footprint due to heat loss
@@primary157 how about we stop growing the population by a million immigrants a year. Think of the carbon emissions.
@@primary157 plant more trees…. Oh but Trudeau’s carbon tax scam will solve all this… hoax.
@@mufasa226 suburban sprawl and car oriented development are the leading cause of green house gas emissions in the USA, Canada and Australia. And the main reason for the sprawl is single family zoning (also known as Euclidean zoning) its time to get rid of this even if housing is affordable. Look at Edmonton, they removed single family zoning even though they do not have severe housing issues. And it's a form of discrimination and indeed has a racist origin. Can you imagine if Canada had a white family residential or healthy family residential zoning where only healthy or white family could live and non white people or disable people had to live on 20 percent of the land. And imagine Canada trying to remove those zoning and then people live in them fighting against the law coz they want to preserve the "character of the neighborhood " do you think that would be acceptable in Canada 2 decades after 21st century....
@@roshanramesh2634 people of all races don’t want to turn their neighbourhoods into overpopulated slums. Canada’s immigration rate is the largest source of new housing demand.