Eric Lombardi @EricDLombardi
A thoughtful guy in fintech. Champion of progress. YIMBY @moreneighbours Toronto 🏳️🌈🇨🇦🌐🏗🏙 Toronto, Ontario Joined November 2012-
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Guys I misread the Caledon $12.9B estimate. They claimed it was for only 1/3 of the 35,000 houses. Bringing the total estimated cost to $1.1M/household. Absolutely bonkers nonsense. And some MPPs are quoting this value as matter of fact.
Guys I misread the Caledon $12.9B estimate. They claimed it was for only 1/3 of the 35,000 houses. Bringing the total estimated cost to $1.1M/household. Absolutely bonkers nonsense. And some MPPs are quoting this value as matter of fact.
@EricDLombardi The claim is even more ridiculous than that. They’re claiming the $12.9B in new water infrastructure was needed to support 1/3 of the 35,000 units. That’s $1.1 million per housing unit. I don’t believe this for a second.
Yes.
On May 4th at 1 pm, join MNTO for our Jane's Walk, "Yonge and Eglinton is for People"! From high-rise to missing middle, from co-ops on libraries to condos atop schools, from Postal Station K to those weird alien sculptures, let's talk about change. More: janeswalkfestivalto.com/4-may/yonge-an…
There you have it folks. Caledon is trying to place the burden of new infrastructure for all Peel on just these 35K homes. Always incredible how disingenuous everyone is when it comes to housing facts, especially municipalities.
There you have it folks. Caledon is trying to place the burden of new infrastructure for all Peel on just these 35K homes. Always incredible how disingenuous everyone is when it comes to housing facts, especially municipalities.
@EricDLombardi Yeah that cost is for whole region of peel (150k homes -> $86k/home (!)) . Hopefully just a bad article and that no one in government is making bad decisions based on this type of misunderstanding!
The conception was that, on net, the GTHA region would lose 5000 people every 5 years (or 1000 a year). Instead, it lost over 100,000 in 5 years. These were families pushed out by high home prices from bad land use policy decisions.
I can’t stop thinking about @ZoeCoombes’ comment here. She’s absolutely right.
Both the Greenbelt and the Growth Plan were built on a grand bargain: Environmentally sensitive land would be set aside, but cities would densify to make sure every family could afford a home. Ontario did the first, but reneged on the second.
An interesting response we've been getting: “This video is cruel. I can’t leave the city. My job, friends, and family are here!” Yes. That's why we shouldn't block housing in cities and price people out.
An interesting response we've been getting: “This video is cruel. I can’t leave the city. My job, friends, and family are here!” Yes. That's why we shouldn't block housing in cities and price people out.
How can anyone view Toronto’s modern city planning “best practice” as anything other than a total tool for the wealthy landed, I will never understand. How can putting all the growth and density next to a highway be healthy for us, while sheltering SFH neighbourhoods.
How can anyone view Toronto’s modern city planning “best practice” as anything other than a total tool for the wealthy landed, I will never understand. How can putting all the growth and density next to a highway be healthy for us, while sheltering SFH neighbourhoods.
“Pro growth” has almost zero to do with single examples of government industrial policy and everything to do with government approach to competitive markets, economic rights, tax policy, and approaches to human and non human capital.
Toronto is just a better city to live in than it is to visit. Truthfully (at the risk of pissing people off) I basically do not recommend it to would-be tourists. Montreal is the opposite, living there is kind of disappointing compared to its top-tier status for tourism.
Toronto is just a better city to live in than it is to visit. Truthfully (at the risk of pissing people off) I basically do not recommend it to would-be tourists. Montreal is the opposite, living there is kind of disappointing compared to its top-tier status for tourism.
This is on point. @OntLiberal introduced the BUILD Ontario Act to not only make fourplexes legal, but make building them feasible. #onpoli
This is on point. @OntLiberal introduced the BUILD Ontario Act to not only make fourplexes legal, but make building them feasible. #onpoli
This is so important. Legalizing fourplexes is necessary to get them built, but it isn't sufficient. Lots of supporting policies and incentives are needed.
This is so important. Legalizing fourplexes is necessary to get them built, but it isn't sufficient. Lots of supporting policies and incentives are needed.
@joekraljevic @EricDLombardi If they bought 30 years ago, then they bought it expecting the inclusion rate to be 75% on the full amount of any capital gains when they sold.
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16K Followers 3K Following Financial crime, asset recovery. Sojourning to finish textbook on financial crime. Former global bank anti-fraud officer. #AML #AI writer.@EricDLombardi The claim is even more ridiculous than that. They’re claiming the $12.9B in new water infrastructure was needed to support 1/3 of the 35,000 units. That’s $1.1 million per housing unit. I don’t believe this for a second.
On May 4th at 1 pm, join MNTO for our Jane's Walk, "Yonge and Eglinton is for People"! From high-rise to missing middle, from co-ops on libraries to condos atop schools, from Postal Station K to those weird alien sculptures, let's talk about change. More: janeswalkfestivalto.com/4-may/yonge-an…
Half-terrified, half-excited to lead my first Jane's Walk, which is when all of the best things happen, I think. I love my neighbourhood and I hope that you do too. If not, there will still be gelato afterwards.
On May 4th at 1 pm, join MNTO for our Jane's Walk, "Yonge and Eglinton is for People"! From high-rise to missing middle, from co-ops on libraries to condos atop schools, from Postal Station K to those weird alien sculptures, let's talk about change. More: janeswalkfestivalto.com/4-may/yonge-an…
Conservatives: Build more homes faster! Also Conservatives: But not where I live. Maybe @Randall_Denley should talk to Randall Denley.
@EricDLombardi Will it require an entirely new connection to Lake Ontario or to other water sources? If so then that cost is possible.
@EricDLombardi Yeah that cost is for whole region of peel (150k homes -> $86k/home (!)) . Hopefully just a bad article and that no one in government is making bad decisions based on this type of misunderstanding!
What do you think happens when we can't build in our cities? Families move to places like Whalen Corners, causing a loss of farmland, higher local home prices, and increased commutes.
Meanwhile, the rural community my family is from, Lucan-Biddulph, saw their population increase by over 20% in the last 5 years.
Back to this morning's thread... The neighbourhood where 91 Barton Ave is in Toronto has seen a population decline of over 5% in the last five years.
So what did 20 years of growth planning get Ontario? Unaffordable homes, sprawl, and GHG emissions. All because provincial and municipal governments failed to live up to the social contract that underpinned the Greenbelt.
And, in the process, not only saw home prices skyrocketed, but unleashed an unprecedented wave of sprawl, as families scattered all across SW Ontario, far away from where they work, in order to find a home. Longer commutes, higher emissions.
The conception was that, on net, the GTHA region would lose 5000 people every 5 years (or 1000 a year). Instead, it lost over 100,000 in 5 years. These were families pushed out by high home prices from bad land use policy decisions.
NIMBYISM is alive and well. Hats off the Burkhard Mausberg, a champion of protecting the Greenbelt and not building in urban centres in his neighbourhood. So, where do you build anything??? Asking for a friend wanting more rental units in the city.
I can’t stop thinking about @ZoeCoombes’ comment here. She’s absolutely right.
Both the Greenbelt and the Growth Plan were built on a grand bargain: Environmentally sensitive land would be set aside, but cities would densify to make sure every family could afford a home. Ontario did the first, but reneged on the second.
Ok but YIMBYism is obviously right wing lol
sickos.jpg
Not saying I'm against this by any means, but a bit of an outlier NOT being on a major street. urbantoronto.ca/news/2024/04/6… via @Urban_Toronto
Yes.
Liberal MPP Adil Shamji says municipalities need sustainable funding. But would his party be willing to pay the political cost to make it happen? — by @jm_mcgrath #onpoli tvo.org/article/even-i…
Under-discussed phenomenon. In Ontario, non-condo ownership housing starts are less than half what they were 20 years ago, and are down over 30% since @fordnation took office in 2018.
The University of Calgary's @trevortombe brings the receipts: yes, the federal government's purchase of TMX -- cost overruns and all -- will be worth every penny (and more). thehub.ca/2024-04-30/tre…
This morning at QP: @ShamjiAdil sending a letter to housing minister Paul Calandra outlining 7 priorities for greater housing ambition.