Blatchford

New Blatchford newsletter just dropped, with a particularly eye-catching detail.
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Not saying they’re lying, but this is year 3 of them announcing that. I’m sure it’ll happen, it’s just been so slow sadly. Hopefully they finally have a few more break ground this year.

This is the first time that six have been in the planning stage. This is by far the highest that number has been. It is at the very least an indicator of more interest.

But, given what the design, planning, and financing processes are like for 4-6 story apartments in general, I would be surprised if more than one broke ground this year (because prior to this there was only a suggestion of one other in the planning stage). I would be entirely unsurprised if none did. But it wouldn't surprise me if one broke ground next year either, or if we got design concepts this year. It also wouldn't surprise me if one cancelled entirely because that absolutely happens. And, it's virtually guaranteed that not all six will break ground this year.
 
This is the first time that six have been in the planning stage. This is by far the highest that number has been. It is at the very least an indicator of more interest.

But, given what the design, planning, and financing processes are like for 4-6 story apartments in general, I would be surprised if more than one broke ground this year (because prior to this there was only a suggestion of one other in the planning stage). I would be entirely unsurprised if none did. But it wouldn't surprise me if one broke ground next year either, or if we got design concepts this year. It also wouldn't surprise me if one cancelled entirely because that absolutely happens. And, it's virtually guaranteed that not all six will break ground this year.
The one I think is most likely is the Metis Housing Corporation project by the aviation museum, since I think they have funding and they stated they want to break ground this spring. If a market option also breaks ground, I'll be pleasantly surprised.
 
The one I think is most likely is the Metis Housing Corporation project by the aviation museum, since I think they have funding and they stated they want to break ground this spring. If a market option also breaks ground, I'll be pleasantly surprised.
Unfortunately our financial frameworks for housing (both locally and nationally) overwhelmingly support purpose-built rentals. It's good that we're boosting vacancy and keeping shelter costs stable, but without market housing supply young folks & families will still be at the whim of price volatility. At least with ownership, that volatility directly translates to the equity in the home.

The bottom rung of the housing ladder keeps getting wider, but if we don't get going on attainable starter homes, the only owners in Canada will be corporations and government.
 

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