Deny Sullivan π¨π¦
@DenySully
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I tweet charts. M.A. Economics. Subscribe to my blog @ https://t.co/l3n0PNSW4x
Halifax
Joined September 2012
Best thing Halifax has going for it in housing, low development charges. $100k+/unit head start on the GTA, and not that much lower rents these days
Wondering why nobody can afford to build rental or launch condos in Toronto?Β The GTA has the highest development charges by a massive margin.Β As unit prices went down: 1. Land costs went down 2. Construction costs went down 3. Soft costs went down 4. Development charges went
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New blog on the capped assessment program and how to reform it without scaring grandma
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Much of Canadas housing problem comes from avoiding having everyday homeowners βchip in moreβ
Torontoβs mayor wants luxury home buyers to βchip in moreβ https://t.co/9volUQAqEy
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Country founded on building two transcontinental railways rediscovers will to build linear infrastructure
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1-bed units downtown for $1600 is equivalent to $1375 pre covid. Not bad?
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New blog! Talking about taxes - how Nova Scotia has leaned on the more growth-damaging taxes, and avoided the least damaging. I also suggest a area to target: high marginal rates on middle income earners, which are an accident of 15 years of bracket creep
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Always impressed at the unwillingness to radically improve commutes in Canadian cities. Choosing congestion is pricey
Who has the worst commute in Canada?Β Β By CBC News https://t.co/mwoll6dPnB Β Β 21.3 mins
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Disagree with this. Cities struggle to increase affordable housing because they are money-grubbing above all. We put the tax that taxes seniors most in the jurisdiction where seniors dominate, causing extreme austerity mindsets. Everything flows from that
It's always hard for mayors to increase affordable housing, even when there's available land. The political powers of developers get in the way. Here are two examples from Boston and New York, courtesy @rkuttnerwrites: https://t.co/xwxZeSWWBo
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Like maybe with public land and scale you drop that per unit cost, to like $300k/unit? That's $150bn - still a massive use of resources!
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