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Friday April 28, 2017

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday April 28, 2017

LRT to Eastgate Square reborn after council nod

Hamilton’s contentious $1-billion LRT project has survived a high-stakes council vote to push ahead after last-minute provincial agreement to extend the light rail line to Eastgate Square.

April 19, 2017

Wednesday night’s 10-5 vote means provincial transit agency Metrolinx should be able to seek private sector bids to design, build and operate the project — now a 14-kilometre LRT line — as early as this summer.

It also appeared to convince at least some council opponents to pledge reluctant support to the project going forward, despite one last voting opportunity next year to derail LRT when council is asked to sign a final operating agreement.

“I hope that after today we come together as a council and say, we’re moving forward,” said Mayor Fred Eisenberger, who acknowledged “frustration” among LRT supporters at apparent efforts to kill the project. “This has not been a short journey.”

January 14, 2017

Ward 5 Coun. Chad Collins, a vehement LRT critic, shocked observers by voting to submit the project study for provincial approval.

He made clear his preference would be to hold a referendum on LRT, but added by next year Metrolinx would have spent $80 million-plus on planning and property purchases. “There’s no turning back at that point,” he said.

Collins said he would continue to criticize the project as required, but also urged councillors to “make the best of a bad situation” and work together to ease challenges for affected residents. He warned the project will be a “gong show” if council and the community remain bitterly divided over LRT.

Ward 9 Coun. Doug Conley voted against submitting the study, but also served notice he would support council’s majority decision thereafter. “I really, really hope that it works out great … I have my doubts,” he said.

December 6, 2016

A late letter from Transportation Minister Steven Del Duca promising a three-kilometre line extension — but no new money — appeared to tip the scales for councillors like vocal LRT critic Terry Whitehead.

Whitehead was criticized by project fans for urging a vote delay earlier this month to investigate the feasibility of an Eastgate extension. He called inclusion of the commercial and transit “destination location” a critical way to strengthen the project for the whole city.

Del Duca said the province will “work with the city to explore ways to reduce costs to accommodate the extension” to Eastgate Square — the city’s original requested eastern end point — rather than stopping at the Queenston traffic circle.

He said project planners expect to reallocate savings from a recent decision to axe a spur line to the James Street North GO station, estimated at between $100 million and $125 million.

But Metrolinx has warned an Eastgate extension could cost anywhere from $150 million to $225 million. Del Duca’s letter doesn’t clearly spell out what would happen if the extension put the project over its $1-billion budget, but notes the change is contingent on “consideration of available funding to address any additional cost requirements, if necessary.” (Source: Hamilton Spectator) 

 

Friday February 17, 2017

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday February 17, 2017

Limited supply, high demand in hot Hamilton housing market ‘without precedent’

Warning bells are being sounded in some quarters about an overheated housing market that is trending toward fewer listings, higher prices and yet increased sales, at least locally.

July 13, 2016

But the president of the Realtors Association of Hamilton and Burlington suggests the situation is neither worrisome nor difficult to understand.

“It’s Economics 101,” said Lou Piriano. “There is less supply, and more and constant demand.”

A report released Wednesday by the Canadian Real Estate Association describes a “severe” shortage of homes available for sale “particularly in and around Toronto and in parts of B.C.”

The report said “the imbalance between limited housing supply and robust demand in Ontario’s Greater Golden Horseshoe region is without precedent.”

And an economist was quoted in the Toronto Star saying that the housing market in Toronto “and any city remotely within commuting distance is overheating, and perhaps dangerously so.”

May 7, 2014

In Hamilton-Burlington, the number of properties listed in January was 1,139, down 9.7 per cent from January of last year — but sales of all properties were up 17.4 per cent.

“There is less product and just as many people want it,” Piriano said.

That influenced the average home price rising 12.8 per cent over this time last year.

Piriano said it’s problematic to focus on national figures when just one housing market can distort the numbers but said the GTA continues to exert tremendous influence on Hamilton’s market. Fifteen per cent of all home sales in this area are done by Toronto realtors.

How hot is the market?

It’s just one house, but anecdotally it perhaps represents stories that area home buyers and sellers have been telling of their experiences: A central Mountain home on Desoto Drive, near Upper Wellington Street and just north of Stone Church Road, listed Feb.6 for $599,500 and received 18 offers, according to Mississauga-based ReMax realtor Carl Schuy. It sold Monday, a week later, for $740,000. (Source: Hamilton Spectator)