Neil Malhotra @neilmalhotra
CFO at Claridge Homes & Riverstone Retirement Communities claridgehomes.com Ottawa, Canada Joined July 2008-
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Remember to sign up and delegate if you can! It's not too late to make @ottawacity council change its mind about taxing housing during a housing crisis. It's incredibly frustrating that we still aren't taking it seriously.
Remember to sign up and delegate if you can! It's not too late to make @ottawacity council change its mind about taxing housing during a housing crisis. It's incredibly frustrating that we still aren't taking it seriously.
Yes the same city that when mandated to shorten their development approvals just created a “pre-application” period where they could stall housing for longer
Yes the same city that when mandated to shorten their development approvals just created a “pre-application” period where they could stall housing for longer
More people are waking up to the blatant municipal fraud behind a development charge study. The numerator (infrastructure cost) is fake, the denominator (anticipated housing completions) is fake, and the conclusion (that ever-increasing sky-high taxes are necessary) is fake.
More people are waking up to the blatant municipal fraud behind a development charge study. The numerator (infrastructure cost) is fake, the denominator (anticipated housing completions) is fake, and the conclusion (that ever-increasing sky-high taxes are necessary) is fake.
When you stack conservative estimates, you can end nowhere near reality. In Toronto, this happens with DCs. The population estimates are conservatively low, the capital needs are conservatively high, the capital budget spend rate is conservative. And so DCs pile up unspent.
When you stack conservative estimates, you can end nowhere near reality. In Toronto, this happens with DCs. The population estimates are conservatively low, the capital needs are conservatively high, the capital budget spend rate is conservative. And so DCs pile up unspent. https://t.co/QNELKcXmvO
@MikePMoffatt we share your surprises Meanwhile, Claridge @neilmalhotra asks @PlanteSteph613 @TimTierney @DavidHillWard3 @catherinekitts to follow up. @KenGray @Mike__Patton likely observe that when #ottawa developer asks #ottcity Councillor to do something, they usually do.
@MikePMoffatt we share your surprises Meanwhile, Claridge @neilmalhotra asks @PlanteSteph613 @TimTierney @DavidHillWard3 @catherinekitts to follow up. @KenGray @Mike__Patton likely observe that when #ottawa developer asks #ottcity Councillor to do something, they usually do.
I hope councillors look at this issue seriously @PlanteSteph613 @TimTierney @DavidHillWard3 @catherinekitts
I hope councillors look at this issue seriously @PlanteSteph613 @TimTierney @DavidHillWard3 @catherinekitts
Planning Committee is reviewing a proposal this coming Wednesday to increase @ottawacity development charges by 15-53%. This will add thousands to the cost of homes during a housing crisis, as all living costs skyrocket. Write your councillor and tell them you're opposed! 1/3
My questions for @_MarkSutcliffe: 1. Why is the City not committing to the targets given to him by the @fordnation government in their Development Charges calculation? 2. Why is the City using a population projection that is substantially lower than that from the province?
I keep telling people that the provinical housing targets have 0 meaning in all the things we plan, like infrastructure for new housing! Here is an example of it in action folks or not I suppose.
I keep telling people that the provinical housing targets have 0 meaning in all the things we plan, like infrastructure for new housing! Here is an example of it in action folks or not I suppose.
Perhaps this stupidity could be stopped by starting to call these programs Applied Building Science
i would like to find a way to mute Canadian politics in my feed
Some people want us to stop building. Let’s do the opposite. 🇨🇦/acc
Ottawa police to outline plans for targeted enforcement in ByWard Market, Rideau Street area ottawa.ctvnews.ca/ottawa-police-…
Thread from last week. If we’re going to tackle the housing crisis, we need to address two big issues: taxes and land costs.
Rourke Chartier | Coming in Hot LIVE - April 16th x.com/i/broadcasts/1…
We instituted a vacant home tax because we were told there are 1.3 million homes out there sitting empty just waiting to be occupied. That was a lie. We instituted a foreign buyers tax and ban because we were told all the housing was being bought up by them. This was also a lie.…
a lot of interest payments for LRT system that doesnt serve many new housing areas, a new Olympic size pool/performance center in the Central Area
a lot of interest payments for LRT system that doesnt serve many new housing areas, a new Olympic size pool/performance center in the Central Area
there are even worse examples in Ottawa
many large landlords already do credit reporting for tenants. it is likely inflationary for many small landlords as it is expensive and complicated. will have zero impact on housing affordability for renters
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Yes the same city that when mandated to shorten their development approvals just created a “pre-application” period where they could stall housing for longer
Thread time. About a month ago, the City of Ottawa released a "Specific Development Charges Background Study" they commissioned. It recommends increasing development charges by *23-28*%, or over $10,000 a house. documents.ottawa.ca/sites/document…
So what the City of Ottawa is planning to do is miss the provincial target by nearly 70,000 homes, and spread DC expenses over 82K homes rather than 151K. Causing per-home DCs to be nearly twice what they otherwise would be!
Your regular reminder that targets and “growth forecasts” can be used to enable housing just as much as they can be used to limit housing. Which way you choose to set targets depends on your values.
The dubious nature of some of these "expenses" is worth another thread. But what particularly caught my eye is that the city is only planning to add 82,000 homes over the next decade. The provincial Building Faster Fund requires them to build 151,000!
More people are waking up to the blatant municipal fraud behind a development charge study. The numerator (infrastructure cost) is fake, the denominator (anticipated housing completions) is fake, and the conclusion (that ever-increasing sky-high taxes are necessary) is fake.
Thread time. About a month ago, the City of Ottawa released a "Specific Development Charges Background Study" they commissioned. It recommends increasing development charges by *23-28*%, or over $10,000 a house. documents.ottawa.ca/sites/document…
Too bad Hemson isn’t on X. Probably the single worst non-government culprit in the Toronto region’s housing affordability crisis. People like to blame developers for the cost of housing, but Hemson has done more to increase non-construction costs than any other private firm.
When you stack conservative estimates, you can end nowhere near reality. In Toronto, this happens with DCs. The population estimates are conservatively low, the capital needs are conservatively high, the capital budget spend rate is conservative. And so DCs pile up unspent.
Thread time. About a month ago, the City of Ottawa released a "Specific Development Charges Background Study" they commissioned. It recommends increasing development charges by *23-28*%, or over $10,000 a house. documents.ottawa.ca/sites/document…
If you want to know how cities are standing in the way of solving the housing crisis, you can’t get any better than this.
Thread time. About a month ago, the City of Ottawa released a "Specific Development Charges Background Study" they commissioned. It recommends increasing development charges by *23-28*%, or over $10,000 a house. documents.ottawa.ca/sites/document…
Capping property tax increases at 2.5% is misleading when we recommend raising development charges over 10x that. Renters and young people paying the price once again.
Thread time. About a month ago, the City of Ottawa released a "Specific Development Charges Background Study" they commissioned. It recommends increasing development charges by *23-28*%, or over $10,000 a house. documents.ottawa.ca/sites/document…
In the middle of the worst housing crisis in Canadian history, Ottawa city council is... - Planning a 28% tax hike on new homes ($10K per home!) - Planning to miss its housing targets by 50% What are we doing @_MarkSutcliffe?
Thread time. About a month ago, the City of Ottawa released a "Specific Development Charges Background Study" they commissioned. It recommends increasing development charges by *23-28*%, or over $10,000 a house. documents.ottawa.ca/sites/document…
Thread time. About a month ago, the City of Ottawa released a "Specific Development Charges Background Study" they commissioned. It recommends increasing development charges by *23-28*%, or over $10,000 a house. documents.ottawa.ca/sites/document…
@neilmalhotra This innovation would increase national productivity
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.
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.
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.
@neilmalhotra That’s how we like it these days Neil. Sign of the times lol
30 years ago I left Montreal to call Ottawa home. @ExposFest celebrated the 94 team and it was magical to see guys like, Pedro Martinez, @KnucklesNilan30, Carbonneau and the legendary political cartoonist for the Gazette, Terry Mosher known better as Aislin!
Good old days of @naslofficial …
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