RE/MAX Escarpment
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Buyers, Condominiums, Downsizing, First Time Buyers, First Time Sellers, Investments, Luxury Homes, New Construction, Power of Sale, Residential, Sellers
Locations
Ancaster, Beamsville, Binbrook, Burlington, Downtown Hamilton, Dundas, Flamborough, Grimsby, Hamilton, Hamilton Mountain, Smithville, Stoney Creek, Waterdown, Central Hamilton, East Hamilton, West Hamilton
May 25, 2022
Let's break this down. There is and has been for over a year, a Housing Shortage in Most of Canada and the United States.
Where is this Going? When will this End? How will this Stop? Can my Child be able to Afford a Home?
Early last year I heard on the radio that just the City of Boston needs over 6,000 properties/homes to solve it's housing shortage and that's just ONE CITY. That's just a microcosm of what is going on.
There is a little controversy coming out of this as many Hamilton resident's did not receive surveys on what their opinion is on freezing Hamilton's Boundary Expansion. Of which 90% opposed the expansion into farmland. Even though the City of Hamilton expects 226,000 people over the next 30 years. I know I did not receive anything, but I don't know if it was sent to residents closer to the area of the proposed expansion.
On One hand you have the argument that we need to preserve our Farmlands and Greenbelt in Ontario as well as working harder and concentrating on fully developing areas of the City that have already in the approved boundary to maximize residential density. For example, more condo buildings in the Downtown Core.
In some instances for lands within the Official Plan, the residents and politicians have declined or voted against new construction only to have the Developer/Builder take the case to the OMB (Ontario Municipal Board) to get it over turned. In the short term, the residents get what they want and the politicians get re-elected. Problem is, the decision will be overturned eventually. What does that do? Well, this appeal can take 1-4 years and in that time span, cost of construction and housing will have gone up. So not only is there a wait for homes, but they will be more expensive.
You can't cry that my child won't be able to afford a home then vote against expansion all the time. There needs to be expansion as well as conditions that no further expansion is on the table unless a certain portion of all approved lands have been developed or there is some progress of approved development. There are Municipal as well as Provincial requirements that must be met to handle the increase in population.
It's a Tug of War, but we have to figure out a solution. This is a big country.
Carry on Canada!
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