The Prime Minister announced a new government agency to oversee billions in financial incentives for developers, a plan he spoke about during his election-campaign appearance on Village Media’s podcast
Oh I know what happened post-war, but that type of development isn’t possible anymore.
There simply isn’t the available land, the only costs associated with that situation were for the buildings themselves which they made very small and cheap.
Today, there’s no land just sitting there for free.
Not to mention building condos cost a lot more per square foot than detached houses.
However, believe what you will. This push by Carney isn’t enough, it’s not even close. I wish it the best of luck, but I’m so certain it’s going to fail that I bought a house big enough for my children to continue living here as adults.
but that type of development isn’t possible anymore.
There simply isn’t the available land
You should read about that history again. Land costs weren’t the prohibitive factor, it was that there just wasn’t enough housing being built.
Not to mention building condos cost a lot more per square foot than detached houses.
This one is A) doubtful but B) more than a little misleading, condos are much smaller than detached homes, so the people per square foot works out cheaper.
But yeah, this won’t get everyone detached homes in the middle of a big city like Vancouver, like I already said. What it does do is allow us to do is build more multi unit places (hardly a factor in the post war efforts) as well as more detached homes in less populated areas (in BC, my goodness, we have some dirt cheap land a few hours away from Vancouver.)
I dunno, you’ve just made a lot of assertions about what will happen but none of it seemed particularly based on facts. I’m not going to say I’m confident in the government but I certainly like our odds more than I did a year ago.
It’s not doubtful that condos are more expensive per square foot than detached houses. Google it, those numbers are widely available.
Condos do not house more people per square foot at this point, In Canada right now, most people in condos have 0 or 1 child. Total fertility per woman is like 1.2 at the moment, and lower than that average for people living in Condos. 800 square feet divided by 2 is 400 square feet each. Even if they had 1 child, it’s still 266 square feet per person.
Those houses they built after the war were small, less than 1500 square feet, and houses after the World War had LOTS of children. That was literally how the baby boomer generation came into being. The total fertility per woman was something like 3.6-4 for the decade after the war ended. 1500 square feet divided by 6 is 250 square feet.
I did the math on a condo project in Vancouver (not even in downtown, just in the City across the bridge) the land cost for each unit they were building was $300,000. That number alone makes them unaffordable, before even talking about the construction costs. That doesn’t include any interest cost on holding the property while under development.
Land costs are currently a prohibitive factor in literally everything at this point.
Think this through with your own numbers but without time swapping the fertility rates across generations. (Suddenly having a house means we’re going to pump out 4 kids? Holy bold assumptions Batman!)
Say a condo at 800 feet, 800 / 3 = 266.
Even a small house, 1500 / 3 = 500.
Heck, even if we double the fertility rate for folks in a small detached home, you’re still ahead:
1500 / 4 = 350.
I did the math on a condo project in Vancouver (not even in downtown, just in the City across the bridge) the land cost for each unit they were building was $300,000. That number alone makes them unaffordable, before even talking about the construction costs.
Yeah, so essentially some of the most expensive real estate in the country, no doubt it’s going to be more expensive. That’s why you have to build condos there not detached homes. Try putting a detached home there. Do that and the house is suddenly what, tens of millions?
In this case, you’re effectively saying that because we build condos where it is too expensive to put detached homes, condos are more expensive? That’s some pretty silly logic there.
Oh I know what happened post-war, but that type of development isn’t possible anymore.
There simply isn’t the available land, the only costs associated with that situation were for the buildings themselves which they made very small and cheap.
Today, there’s no land just sitting there for free. Not to mention building condos cost a lot more per square foot than detached houses.
However, believe what you will. This push by Carney isn’t enough, it’s not even close. I wish it the best of luck, but I’m so certain it’s going to fail that I bought a house big enough for my children to continue living here as adults.
You should read about that history again. Land costs weren’t the prohibitive factor, it was that there just wasn’t enough housing being built.
This one is A) doubtful but B) more than a little misleading, condos are much smaller than detached homes, so the people per square foot works out cheaper.
But yeah, this won’t get everyone detached homes in the middle of a big city like Vancouver, like I already said. What it does do is allow us to do is build more multi unit places (hardly a factor in the post war efforts) as well as more detached homes in less populated areas (in BC, my goodness, we have some dirt cheap land a few hours away from Vancouver.)
I dunno, you’ve just made a lot of assertions about what will happen but none of it seemed particularly based on facts. I’m not going to say I’m confident in the government but I certainly like our odds more than I did a year ago.
It’s not doubtful that condos are more expensive per square foot than detached houses. Google it, those numbers are widely available.
Condos do not house more people per square foot at this point, In Canada right now, most people in condos have 0 or 1 child. Total fertility per woman is like 1.2 at the moment, and lower than that average for people living in Condos. 800 square feet divided by 2 is 400 square feet each. Even if they had 1 child, it’s still 266 square feet per person.
Those houses they built after the war were small, less than 1500 square feet, and houses after the World War had LOTS of children. That was literally how the baby boomer generation came into being. The total fertility per woman was something like 3.6-4 for the decade after the war ended. 1500 square feet divided by 6 is 250 square feet.
I did the math on a condo project in Vancouver (not even in downtown, just in the City across the bridge) the land cost for each unit they were building was $300,000. That number alone makes them unaffordable, before even talking about the construction costs. That doesn’t include any interest cost on holding the property while under development.
Land costs are currently a prohibitive factor in literally everything at this point.
Saw this article right before I came here.
https://ca.finance.yahoo.com/news/ontario-housing-construction-collapse-should-alarm-policymakers-report-warns-110007649.html?guccounter=1&guce_referrer=YW5kcm9pZC1hcHA6Ly9jb20uZ29vZ2xlLmFuZHJvaWQuZ29vZ2xlcXVpY2tzZWFyY2hib3gv&guce_referrer_sig=AQAAAD_aPS7Sg4Yhm58GQJH8_dYP5rdlzlG2saXWGeh-sRCRs9P8EBJ_lThWYTkXUv2mbdW-D_8zgNgTPr7aPBJ_qpSIecgMPb5LXv1wqOjF-jM9bLrS6ozuJpLjWQUmLHibauvgl4_oROL1hsmm6evYdqkHvuyy1Wf1VoAgD5CYeW2N
Think this through with your own numbers but without time swapping the fertility rates across generations. (Suddenly having a house means we’re going to pump out 4 kids? Holy bold assumptions Batman!)
Say a condo at 800 feet, 800 / 3 = 266.
Even a small house, 1500 / 3 = 500.
Heck, even if we double the fertility rate for folks in a small detached home, you’re still ahead:
1500 / 4 = 350.
Yeah, so essentially some of the most expensive real estate in the country, no doubt it’s going to be more expensive. That’s why you have to build condos there not detached homes. Try putting a detached home there. Do that and the house is suddenly what, tens of millions?
In this case, you’re effectively saying that because we build condos where it is too expensive to put detached homes, condos are more expensive? That’s some pretty silly logic there.