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COVID and the housing market
- Thread starter mimico_polak
- Start date
Rate times balance is the important number. When rates were high, balances were an order of magnitude smaller.
The principles were 1/10th as were the incomes.
The politicians were 1/10 as crooked as well.
We didn't have all the supply chain price adjustments either.
Barrie discussing capital projects.
“We have a total of 12 neighbourhood renewal projects to deliver over the next 16 years at an estimated construction value in today’s dollars of $239 million,” Kiley said. “These projects impact approximately 1,500 homes and businesses.”
So over 150k per home/business over the next 16 years for renewal projects. Add another 250M for water treatment plant upgrades (spread over more dwellings) and funding actual current services and property tax is completely insufficient (unless every dwelling is paying >>$1,000 per month)
www.barrietoday.com
“We have a total of 12 neighbourhood renewal projects to deliver over the next 16 years at an estimated construction value in today’s dollars of $239 million,” Kiley said. “These projects impact approximately 1,500 homes and businesses.”
So over 150k per home/business over the next 16 years for renewal projects. Add another 250M for water treatment plant upgrades (spread over more dwellings) and funding actual current services and property tax is completely insufficient (unless every dwelling is paying >>$1,000 per month)
City hardware keeps Barrie moving in many ways
'We plan, design, construct and provide engineering support to deliver infrastructure for the community,' staffer says
www.barrietoday.com
Mad Mike
Well-known member
That’s what’s happened in a lot of places. Barrie can be speedy if they are collecting $200k in development fees per new lot. If they are spending that all now, it will be tough when the well runs dry.. and it will, they’re not making more land.Barrie discussing capital projects.
“We have a total of 12 neighbourhood renewal projects to deliver over the next 16 years at an estimated construction value in today’s dollars of $239 million,” Kiley said. “These projects impact approximately 1,500 homes and businesses.”
So over 150k per home/business over the next 16 years for renewal projects. Add another 250M for water treatment plant upgrades (spread over more dwellings) and funding actual current services and property tax is completely insufficient (unless every dwelling is paying >>$1,000 per month)
City hardware keeps Barrie moving in many ways
'We plan, design, construct and provide engineering support to deliver infrastructure for the community,' staffer says
Saw that happen in my town when they discovered ‘development fees’. Community facilities went from practical and economical to architectural award winners, municipal offices from nice, to the envy of a big bank.
Barrie is trying hard to do that. Stole 5600 acres from innisfil a decade ago. Tried to steal from springwater and oro recently as they "need" more employment land. Barrie fails to mention that they have tons of vacant employment land with no plans to develop it and no reasonable explanation for why the "needed" employment lands couldn't remain in the neighboring municipalities. Just a straight up dirty grab for money. Screw those guys.
Looks like a condo will be listed soon…
toronto.ctvnews.ca
I expect those bags to get lighter before they get to the station.
Yorkville condo was stash house used by Hells Angels for $5 million in cash: documents
A condo in the tiny Toronto neighbourhood of Yorkville was used as a stash house for upwards of $5 million in cash by a group of Hells Angels operating an underground gambling ring, and their neighbours may have had no idea, according to documents filed in court and obtained by CTV News.
I expect those bags to get lighter before they get to the station.
I wonder if this new development in Wasaga will be the next to burn down…Allenwood Beach near my parents cottage during our NYD walk today.
Empty lot has sat for 10+ years as the one beside it built. This work started early-mid 2023 and they’re cranking them out fast.
Empty lot has sat for 10+ years as the one beside it built. This work started early-mid 2023 and they’re cranking them out fast.
They need to go back to slide rules. Their pocket calculators keep dropping a zero.Barrie discussing capital projects.
“We have a total of 12 neighbourhood renewal projects to deliver over the next 16 years at an estimated construction value in today’s dollars of $239 million,” Kiley said. “These projects impact approximately 1,500 homes and businesses.”
So over 150k per home/business over the next 16 years for renewal projects. Add another 250M for water treatment plant upgrades (spread over more dwellings) and funding actual current services and property tax is completely insufficient (unless every dwelling is paying >>$1,000 per month)
City hardware keeps Barrie moving in many ways
'We plan, design, construct and provide engineering support to deliver infrastructure for the community,' staffer says
My memory of a short stay at Wasaga was a rustic cottage where bathing suits were put on, a walk to the beach in flip flops with a towel around the shoulders. Back to the cottage for lunch and back to the beach. Too sophisticated now.
If I understand it correctly municipalities can't run deficits. My calculator agrees with yours.Barrie discussing capital projects.
“We have a total of 12 neighbourhood renewal projects to deliver over the next 16 years at an estimated construction value in today’s dollars of $239 million,” Kiley said. “These projects impact approximately 1,500 homes and businesses.”
So over 150k per home/business over the next 16 years for renewal projects. Add another 250M for water treatment plant upgrades (spread over more dwellings) and funding actual current services and property tax is completely insufficient (unless every dwelling is paying >>$1,000 per month)
City hardware keeps Barrie moving in many ways
'We plan, design, construct and provide engineering support to deliver infrastructure for the community,' staffer says
How do these BS numbers get past a fourth grader?
16 neighbourhoods getting updates over the next 16 years. Quick search says about 58 neighbourhoods in barrie. So everyone pays but only about 25% of the population benefits. Spread that over 60 years and everybody pays and everybody benefits. Add in hundreds of millions of development charges and things look better financially. Grab thousands of acres of land and you have access to many billions more in dc's.
A cousin that lived near St Catherines (Merrit?) but got amalgamated into St Catherines. Before the merge she said the place had good roads, low taxes and money in the bank. After amalgamation taxes went up, roads fell apart and the money disappeared.
I wonder if Doug will follow suit come closer to election time...
Or if JT will just hand out more money for more votes.
Or if JT will just hand out more money for more votes.
While I don't like how it's implemented, the stupidity by saying homeowners get more than renters is very myopic. If the home is rented out and expenses effectively go up by $668/yr, you can be damn sure that it is getting passed to the renter.
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no passing on , here in Utopia , landlords eat all cost increases , tax jumps , repairs and upgrades. Many renters do so because they like it, many cant afford a home, but if you have more than one house, you should subsidize your renters , profit mongers ruin everything.
More rentals will be available once I get every other Capitalist onside.
More rentals will be available once I get every other Capitalist onside.
This one's gotta hurt real bad....
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