Dr. Mike P. Moffatt 🇨🇦🏅🏅
@MikePMoffatt
Followers
53K
Following
122
Media
738
Statuses
6K
Co-Host, "Missing Middle". Husband. Father. Brother. Son. Economist. Housing guy. I used to do other stuff. Details in link.
Whalen Corners, Ontario
Joined July 2010
Yet when I wear a Jays cap to work and yell at my boss, I'm called "unprofessional". #DoubleStandards
Max Scherzer was NOT coming out of this game 😳 Facing his next hitter, he picks up the strikeout to end the 5th!
15
19
306
This is why I'll never go into politics, because I 100% would be Frank Grimes.
I have long believed that almost everything that happens in politics has a Simpsons counterpart. Ontario Premier Doug Ford's is Mayor Quimby.
7
6
126
@MikePMoffatt tells @gregbradyx why he thinks the federal government's housing plan is problematic 🔊Hear more: https://t.co/nI8XOy12CV
@MikePMoffatt joins @gregbradyx to talk about modular housing and how the federal government's infrastructure funding for Toronto will help the construction of more housing 🔊 LISTEN LIVE:
0
1
2
Examining year-over-year EI data. I knew Ontario was struggling, but I had no idea about the significant increase in EI beneficiaries in Quebec compared to last year. Here's every EI region that experienced a 10% year increase in EI beneficiaries.
17
37
141
Toronto's garden suite reforms have only produced 143 units since 2022. It's mind-blowing, considering the city's housing crisis, and it's time to fight back. @meredithmartin would like to see some housing advocates attend the council meeting on Oct. 22 to fight for progress.
2
7
30
New episode! We show how one small dispute on one tiny Toronto street is a microcosm of Canada's housing dysfunction, and why it's so hard to get anything built. Watch "Nightmare on Craven Road" here: https://t.co/6RgQi0Fum3
2
1
8
And there you have it. I don't see how this initiative builds a single more home, and I'm unclear how the federal government's decision to waive its own development charge freeze condition will help lower homebuilding costs.
7
5
138
I asked several officials about this; one was gracious enough to let me know that the feds accepted "alternative measures", such as increased support for purpose-built rental homes and affordable rental homes, and deemed those an acceptable replacement for the DC condition.
3
4
73
EXCEPT... Toronto doesn't meet the second conditions! Depending on the type of unit, development charges in Toronto are 20-40% higher than they were in April 2024. So they shouldn't qualify!
2
5
86
But not exactly free, because there are conditions. Toronto is receiving this funding as part of the federal government's CHIF program, which has two primary conditions: fourplexes as-of-right, and development charges at, or below, April 2024 levels.
1
1
36
Yesterday, the federal government announced that they're paying for $283 million of the project, which wasn't part of the DC study (grants/subsidies were listed at $0). So $283 million in free money.
1
0
30
The Black Creek project was in Toronto's development charge study. It had a cost of $689 million, of which 38%, or $262 million, would be paid for from general revenue, and $427 million from development charges.
4
1
28
The Black Creek project is not new. It's something Toronto already committed to doing and has been collecting development charges for.
1
0
30
Yesterday, the announcement was this: "Upgrading Toronto’s Black Creek sewer infrastructure to catalyse the construction of 63,000 new homes. Through [CHIF], the federal government will provide up to $283 million to expand capacity in Toronto’s Black Creek sewer system."
3
1
26
I'm on Newstalk 1010 at 7:20 am to discuss the federal government's $283 million infrastructure funding for Toronto, which doesn't seem to be leading to the construction of more housing. Let me explain.
16
34
181
This federal infrastructure announcement for Toronto is puzzling. It works out to less than $4500 a home - couldn't the City fund this with their massive development charges? And is there any requirement for them to lower DCs by an offsetting amount? https://t.co/vulHQSBNh7
7
12
56
Fantastic article by @brendanwhitsitt on a core question- if the urban house is too scarce and thus expensive for middle class Toronto families, what’s the alternative? Drive till you qualify suburbia? Or urban apartments? If families keep choosing houses in semi suburbia- Why?
1
3
12
I often talk about my experience buying a new home in 2004. New freehold housing is all but extinct in Ontario. Everything is either a condo or a rental... and condos appear to be the next to go.
6
3
22
Did you know that the Missing Middle is also on TikTok? More housing discussion there, including on why Tillsonburg is growing so rapidly https://t.co/tRl18tgeCX
tiktok.com
74 likes, 16 comments. “People are leaving big cities. They're seeking homeownership, 3+ bedrooms, and ground-level living. This demand is impacting smaller communities.”
1
0
1
#HostageRelease in the #Ceasefire, ongoing negotiations with #Washington & the cost of #RealEstate in #Canada on todays @ArleneBynonShow
@AGMacDougall
@MikePMoffatt
@bborzyko
@RobertFife For our #PoliticalPunch we have @OldTory & @CamHolmstrom
1
3
3