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housing

Saturday April 9, 2022

April 8, 2022 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Saturday April 9, 2022

What Toronto wanted in the federal budget for housing — and what it got

April 7, 2017

One of the central pieces of the federal budget unveiled Thursday was affordable housing — $10 billion earmarked to tackle the crisis country-wide.

It’s a mix of funding for projects and policy changes aimed at making housing more affordable.

So what was Toronto looking for and what did it get?  And what will the budget mean for one of the least affordable cities in the country?

Much of the $10-billion investment focuses on boosting the supply of homes, something that is key for Toronto. 

February 1, 2017

The city was eyeing an extension of funding for a project it’s partnered on with the federal government: the Rapid Housing Initiative (RHI).

That wish was granted. The budget proposes to extend the program, which creates new affordable rental housing for marginalized people experiencing, or at risk of, homelessness, at a cost of $1.5 billion over two years.

May 7, 2014

The largest portion of the $10-billion budget pledge is $4 billion dedicated to what the government is calling a “Housing Accelerator Fund.” The money will be for municipalities like Toronto to speed up housing development by slashing red tape, and the federal government estimates it can create 100,000 new units over five years.

When it comes to speeding up development, Bailão says the city has projects on the go for which they’d like to partner financially with the Canada Mortgage and Housing Corporation (CMHC) — mainly its Housing Now initiative, which activates city-owned sites for the development of affordable housing within mixed-income, mixed-use, transit-oriented communities.

November 20, 2019

“I think all orders of government need to work together because if they really want to build 100,000 units … we have 15,000 here in the pipeline that need their financing and we need to make sure that financing is there,” said Bailão.

The question among many advocates is how quickly some of these measures can be implemented in big cities like Toronto, and how much coordination there can be between different levels of government.

“For this city, what’s needed is significant amounts of money and funding that can be spent quickly,” said Matti Siemiatycki, director of the Infrastructure Institute and a professor of geography and planning at the University of Toronto.

“We’re in this crisis. We need all hands on deck, and we need that real coordination and we need a sense of urgency to back it up.” (CBC) 

 

Posted in: Canada, Ontario Tagged: 2022-13, affordable, Budget, bureaucracy, Canada, cities, federalism, funding, housing, money, Province, waste

Wednesday December 1, 2021

December 1, 2021 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Wednesday December 1, 2021

Why Doug Ford is pushing Ontario’s cities to speed up housing construction

December 11, 2018

Premier Doug Ford and his government want Ontario municipalities to approve new home construction projects more quickly, claiming that delays in approvals are driving up the cost of housing.

Building more homes faster is the central topic of the housing summit that Ford will hold next month with the mayors of Ontario’s 29 biggest cities and the chairs of urban regional municipalities. 

In recent weeks, Ford has repeatedly cited the pace of municipal construction approvals as a barrier to making housing more affordable.   

May 13, 2010

The price of buying a home is soaring pretty much everywhere in Ontario, not just the Toronto and Ottawa areas. What’s far from clear is how much delays in municipal permit approvals contribute to those skyrocketing home prices.  

“We’ve got to start cutting the permit times down big time and start getting houses built as quickly as possible,” Ford said during a news conference in Orillia in response to a question about unscrupulous landlords. 

The province will soon start “scoring” cities and towns on how quickly it takes to issue permits, Ford said.

“Believe it or not, folks, sometimes when [developers] apply for a permit, it can take four to six years. Where in North America does it take four to six years?”. 

Ford said the vast majority of cities in Ontario are slow to approve projects. “It’s just like going on a carousel, they loop you around, loop you around, and guess who’s paying? The people are paying, the developer’s not paying.”

December 10, 2020

Ford’s Minister of Municipal Affairs and Housing, Steve Clark, is also blaming municipal bottlenecks for pushing up the price of homes.

“We know that there are delays, particularly at the municipal level, caused by duplication and red tape that are obstructing new homes from being built, which is shutting out Ontarians and their families from realizing their dream of home ownership,” Clark said to a virtual meeting of the Empire Club of Canada on Thursday.  

“It takes too long to get shovels in the ground as part of the development process,” Clark said during the question and answer session following his speech.

The Ford government has focused on boosting the supply of new homes as its fundamental solution to housing affordability. To achieve that goal, the government is trying to pave the way for new construction to happen more quickly. (CBC) 

 

Posted in: Ontario Tagged: 2021-39, affordable housing, affordablity, developer, Doug Ford, dreams, home, home ownership, House, housing, Ontario, real estate, wealth

Thursday August 26, 2021

September 2, 2021 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday August 26, 2021

Trudeau promises new incentives worth billions and a tax on ‘flipping’ to help Canadians buy a home

Liberal Leader Justin Trudeau today promised a suite of new measures to help Canadians buy a home at a time when a red-hot housing market has made owning property seem like a distant dream for many young people.

April 7, 2017

Speaking to reporters in Hamilton, Trudeau said the real estate market is afflicted by “instability” and “uncertainty” and a COVID-fuelled spike has led to soaring prices, bidding wars, rampant speculation and too many vacant properties. He said the situation demands government intervention to help more people acquire their own homes.

The aggressive plan — billions of dollars in new funding, measures to curb the practice of “flipping” homes, efforts to block foreign nationals from buying homes for two years and new regulatory measures to police exploitative real estate agents — comes at a time when Canadians are telling pollsters that housing is one of the issues they care about most.

September 12, 2019

The three-point program includes commitments to “unlock home ownership” through new government funding, a plan to build more homes to address supply constraints and measures to establish and protect new rights for buyers.

“If you work hard, if you save, that dream of having your own place should be in reach. But for too many people, it just isn’t — and that’s not right,” Trudeau said.

“You shouldn’t have to move far away from your job or school or family to afford your rent. You shouldn’t lose a bidding war on your home to speculators. It’s time for things to change.” 

If the Liberals are re-elected on Sept. 20, Trudeau said, he would introduce a first home savings account which would allow Canadians up to age 40 to save $40,000 toward their first home and withdraw it tax-free when it comes time to buy. Money added to the account would go in tax-free and could be withdrawn without any taxes owing on possible investment gains.

May 7, 2014

He said a Liberal government would double the first-time home buyers tax credit from $5,000 to $10,000 — an incentive that would help with the many closing costs that come with buying property.

“Let’s remember, in 2017, as we launched that national housing strategy, we were starting from a standing start because for the previous ten years a Conservative government decided the federal government had no role to play in housing. That’s wrong,” Trudeau said. “But absolutely, there is more to do — much more to do.”

Trudeau took a swipe at Conservative Leader Erin O’Toole’s housing plan, which commits to building one million new homes over three years while easing mortgage requirements and making more federal land available for development.

May 8, 2008

Speaking to reporters in Ottawa, O’Toole said he won’t take lessons from Trudeau on housing.

“Mr. Trudeau’s had six years and he’s failed. The housing crisis has exploded in the last three, four years under his leadership,” O’Toole said. “After six years of inaction, more hollow words today is not what Canadians deserve. They deserve a plan.”

NDP Leader Jagmeet Singh was equally critical, saying the situation has only gotten worse in the last six years under Trudeau.

Federal Election 2021

“Housing has become more expensive. Renting has become more expensive. We can’t handle another four years of this,” Singh said at a campaign stop in Mississauga, Ont., where he announced a plan to nationalize Revera, the country’s largest for-profit long-term care home operator.(CBC) 

 

Posted in: Canada Tagged: 2021-29, 24 Sussex, Canada, election2021, encampment, homelessness, housing, Justin Trudeau, Poverty, Rideau cottage, Rideau Hall

Saturday May 16, 2020

May 23, 2020 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Saturday May 16, 2020

Ontario Premier Doug Ford reveals his ‘famous’ cherry cheesecake recipe

Ontario Premier Doug Ford got his hand mixer out, put on some bright blue gloves and revealed his “famous” cherry cheesecake recipe in a video released on Friday morning.

January 17, 2019

“If I wasn’t premier, I’d open up a cheesecake factory,” the premier says at one point in the two-and-a-half-minute-long video dubbed “Cooking with Doug.”

Ford said he learned the recipe “years ago” from his mother, who learned it from her sister.

“When I was 10 years old I just had it kind of memorized,” he said with all of the ingredients laid out in front of him on a kitchen counter.

June 7, 2016

While making the recipe on camera wearing a “We’re all in this together” T-shirt, the premier says this is one of many “fun things you can do while you keep yourself isolated” during the COVID-19 pandemic.

“Stay safe, stay healthy,” he added.

The release of the premier’s “famous cheesecake recipe” comes after he boasted about it on Twitter and even during an official COVID-19 news conference held at Queen’s Park earlier in the week.

May 5, 2018

“I make the best cherry cheesecake ever,” he told reporters on Monday. “I do it from scratch. No recipe, I got it down pat.”

“You can tell I’ve eaten one too many cheesecakes. That’s my problem.”

Ford released a trailer for the recipe on Thursday night before publishing the full video the next morning.

The full video ends by the premier saying, “I haven’t had one of these in years. I haven’t made one in years, but I got to tell you I haven’t lost the touch.” (CTV) 

 

Posted in: Ontario Tagged: 2020-17, Cheesecake, cooking, covid-19, debt, Doug Ford, education, eldercare, housing, Ontario, pandemic, reality tv, small business

Saturday April 21, 2017

April 21, 2017 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Saturday April 21, 2017

Speculation Swirls Around Kathleen Wynne

Premier Kathleen Wynne is slapping a 15 per cent “non-resident speculation” tax on foreign investors to help cool down southern Ontario’s scorching real estate market, the Star has learned.

March 29, 2017

Wynne will join Finance Minister Charles Sousa and Housing Minister Chris Ballard on Thursday against a backdrop of condo towers in booming Liberty Village to launch a massive plan to improve housing affordability.

A key plank in that would be the 15 per cent surcharge on offshore speculators, who are estimated to make up just 5 per cent of the current market.

Modelled on British Columbia’s “foreign buyers’ tax” in Vancouver, the levy would apply to home purchasers in the so-called Greater Golden Horseshoe who are not citizens or permanent residents.

November 3, 2016

It would affect sales in and around the Greater Toronto and Hamilton Area, Niagara, Kitchener-Waterloo, and encompass everywhere north to Barrie and Orillia and east to Peterborough. (Source: Toronto Star) 

Meanwhile, Speculation about whether Premier Kathleen Wynne can continue to lead the governing Liberals is at a f‎ever pitch.

Party stalwarts are hoping next week’s balanced ‎budget from Finance Minister Charles Sousa will tip the scal

September 9, 2016

es for Wynne’s teetering political fortunes.

But with public and private polling showing the Liberals languishing in third place well behind the Progressive Conservatives and the New Democrats — even after Wynne’s 25 per cent cut in residential electricity rates — there is mounting uncertainty she will remain at the helm.

The Ontario Liberal Party’s chief fundraiser, Zak Bailey, has quietly resigned just seven months into a job made even more challenging by campaign finance reforms triggered by a Star series last year.

“You’d have to ask the party what their plans are,” Bailey said Monday, declining further comment. (Source: Toronto Star) 

 

Posted in: Ontario Tagged: betting, bubble, housing, Kathleen Wynne, odds, Ontario, punter, real estate, resignation, speculation, speculator
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This website contains satirical commentaries of current events going back several decades. Some readers may not share this sense of humour nor the opinions expressed by the artist. To understand editorial cartoons it is important to understand their effectiveness as a counterweight to power. It is presumed readers approach satire with a broad minded foundation and healthy knowledge of objective facts of the subjects depicted.

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