There are a number of affordable housing plans being thrown around in Toronto right now given that we have a municipal election coming up this fall.
From what I have read, the plans are largely centered around surplus and/or available public land and possibly some subsidies.
These subsidies are very important because the money has to come from somewhere. This is often overlooked.
In light of these debates, I thought I would share a short Bloomberg video that my friend Evgeny shared with me this morning all the way from Tokyo.
The video is about how Singapore fixed its housing problem. If you can’t see it embedded below, click here.
[youtube https://www.youtube.com/watch?v=2cjPgNBNeLU?rel=0&w=560&h=315]
It strikes me as being very Singaporean.
I was out for a bike ride last night and, on my way home, I decided to try out the new dedicated bike lane on Adelaide Street. Usually I would take King Street, but it was completely full because of Caribana parties.
For those of you who may not be aware, the city of Toronto is currently piloting two dedicated bike lanes on Adelaide Street and Richmond Street in the downtown core. Both streets are one-way and because the lanes were so big to begin with (highway-like spacing), I’m told that these new bike lanes didn’t even eat up a driving lane.
Here’s a map of the pilot area:
Given that dedicated bike lanes are a scarce resource here in Toronto, I have to say that it was rather luxurious having my own piece of road. And because there’s no longer any fear of parked car doors swinging open, I was able to ride a lot faster than I normally would.
But as my friend Evgeny pointed out earlier this week, there’s a big difference between dedicated and grade separated bike lanes. Indeed, on my trip from Bathurst Street to Church Street last night, I encountered 3 cars parked in my lane.
Fine or fire? Who will fix it, eh?#canadapostcares #300dollars