If you do a search for the number of electric vehicle charging stations in the US, you'll likely get a number somewhere around 160,000. But to better understand what this means, you'll probably want to ask a few follow-up questions:
Are these individual charging ports (for a single vehicle) or are these stations (locations with multiple charging ports)?
How many of these chargers are private versus publicly-accessible?
And how many of these are DC fast, versus just level 2? Level 2 is what most people have at home (I think), whereas DC charging is what you need if you're stopping on the side of the road and need to supercharge your car in 20-30 minutes.
Usually the biggest fear with EVs is range anxiety. We have come to expect that we'll be able to find a gas station when we need it, but, for the most part, we don't yet feel that way about EV charging stations.
So for this concern, the more precise question would be: How many publicly-accessible DC-fast charging stations are there in the US? This is the filter that gives you stations that would be most comparable to how gas stations function today.
Of course, it's probably safe to assume that the pace of EV adoption will only increase. And that means that this flip could happen well before 8 years. In my mind, that's soon.
There are parts of Toronto that are pedestrian only. There's the Distillery District, some small laneways in Yorkville, the Toronto Islands (though this is a bit of a unique situation), and various other pockets around the city.
There are also streets that we temporarily open up to only pedestrians, such as Market Street and King Street, and areas, such as Kensington Market, that we have been rigorously considering pedestrianizing for as long as I can remember.
What is clear is that pedestrian-only streets are controversial. Motorists fear that it will make driving in the city even more inconvenient. And businesses fear that it will limit their customer base.
While it is true that not all streets can and should be pedestrianized, there are countless examples of streets and areas that appear to be thriving because of it.
Take, for example, Montréal.
Since 2021, the city has been pedestrianizing a stretch of 30 blocks along Mont-Royal Avenue during the summer months.
This past week, Toronto City Council approved the launch of a new affordable housing initiative called the Rental Housing Supply Program. Here's the agenda item if you'd like to dive into the details and read some of the supporting reports. There are a number of components to the program, and one of them is a subsidy that will be administered by way of a forgivable interest-free loan:
Subject to the adoption of the Rental Housing Supply Program, the City will continue to support RGI and affordable rental homes through the allocation of up to $260,000 per eligible affordable rental and RGI home. This is the maximum allowable funding allocation under the Rental Housing Supply Program. Actual funding per project will be determined based on the evaluation of applications on a site-by-site basis, in consultation with the Chief Financial Officer & Treasurer, and based on project parameters and additional sources of funding that can be leveraged to support the project’s financial viability. These funds will be provided as interest free forgivable loans to eligible and approved projects and will be tied to milestones and requirements in agreements with housing providers.
Total funding for the program is $351 million. And the intent is that these funds will be distributed in the near term to 18 affordable housing projects in the city, all of which are expected to start construction sometime between now and the end of 2025. In total, this is anticipated to create about 6,000 new affordable rental homes. That's a good thing.
If you do a search for the number of electric vehicle charging stations in the US, you'll likely get a number somewhere around 160,000. But to better understand what this means, you'll probably want to ask a few follow-up questions:
Are these individual charging ports (for a single vehicle) or are these stations (locations with multiple charging ports)?
How many of these chargers are private versus publicly-accessible?
And how many of these are DC fast, versus just level 2? Level 2 is what most people have at home (I think), whereas DC charging is what you need if you're stopping on the side of the road and need to supercharge your car in 20-30 minutes.
Usually the biggest fear with EVs is range anxiety. We have come to expect that we'll be able to find a gas station when we need it, but, for the most part, we don't yet feel that way about EV charging stations.
So for this concern, the more precise question would be: How many publicly-accessible DC-fast charging stations are there in the US? This is the filter that gives you stations that would be most comparable to how gas stations function today.
Of course, it's probably safe to assume that the pace of EV adoption will only increase. And that means that this flip could happen well before 8 years. In my mind, that's soon.
There are parts of Toronto that are pedestrian only. There's the Distillery District, some small laneways in Yorkville, the Toronto Islands (though this is a bit of a unique situation), and various other pockets around the city.
There are also streets that we temporarily open up to only pedestrians, such as Market Street and King Street, and areas, such as Kensington Market, that we have been rigorously considering pedestrianizing for as long as I can remember.
What is clear is that pedestrian-only streets are controversial. Motorists fear that it will make driving in the city even more inconvenient. And businesses fear that it will limit their customer base.
While it is true that not all streets can and should be pedestrianized, there are countless examples of streets and areas that appear to be thriving because of it.
Take, for example, Montréal.
Since 2021, the city has been pedestrianizing a stretch of 30 blocks along Mont-Royal Avenue during the summer months.
This past week, Toronto City Council approved the launch of a new affordable housing initiative called the Rental Housing Supply Program. Here's the agenda item if you'd like to dive into the details and read some of the supporting reports. There are a number of components to the program, and one of them is a subsidy that will be administered by way of a forgivable interest-free loan:
Subject to the adoption of the Rental Housing Supply Program, the City will continue to support RGI and affordable rental homes through the allocation of up to $260,000 per eligible affordable rental and RGI home. This is the maximum allowable funding allocation under the Rental Housing Supply Program. Actual funding per project will be determined based on the evaluation of applications on a site-by-site basis, in consultation with the Chief Financial Officer & Treasurer, and based on project parameters and additional sources of funding that can be leveraged to support the project’s financial viability. These funds will be provided as interest free forgivable loans to eligible and approved projects and will be tied to milestones and requirements in agreements with housing providers.
Total funding for the program is $351 million. And the intent is that these funds will be distributed in the near term to 18 affordable housing projects in the city, all of which are expected to start construction sometime between now and the end of 2025. In total, this is anticipated to create about 6,000 new affordable rental homes. That's a good thing.
Brandon Donnelly
Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly.
Maybe you don't want to infer causality here, but at the very least, it seems to suggest that the street isn't dying and bereft of human activity. This year, pedestrianization is also planned to be extended further into the fall.
This won't necessarily be the outcome for all streets, but I do agree with this recent Globe and Mail article that, oftentimes, the reasons for not pedestrianizing are "a question of philosophy, not geography." Because there's lots of research and data to support doing this.
If any of you are business owners along Mont-Royal, I'd love to hear about your experiences and how you think, for better or for worse, it has changed the area. Leave a comment below or drop me a line.
Now, I don't know anything about these projects. I don't know if $260k is the right figure. And I don't know if a forgivable interest-free loan is the exact right mechanism to deliver these funds. But what the program does do is recognize this: Deeply affordable housing cannot be built without some form of subsidy.
Developers are often criticized for only building expensive housing. But the reality is that developers are, for the most part, takers of market pricing. In other words, we can't just decide to build for less. We can reduce build and finish quality to get costs down, but at a certain point, the cost to build is the cost to build.
And if that cost to build isn't what the market would view as affordable, then you're not going to get there without a subsidy. No developer is going to build if their expected revenues are less than their costs. Directionally, that's what this new program appears to recognize.
And according to Mayor Valérie Plante
, the commercial vacancy rate for the street has dropped from 14.5% in 2018 to 5.6% in 2023:
Maybe you don't want to infer causality here, but at the very least, it seems to suggest that the street isn't dying and bereft of human activity. This year, pedestrianization is also planned to be extended further into the fall.
This won't necessarily be the outcome for all streets, but I do agree with this recent Globe and Mail article that, oftentimes, the reasons for not pedestrianizing are "a question of philosophy, not geography." Because there's lots of research and data to support doing this.
If any of you are business owners along Mont-Royal, I'd love to hear about your experiences and how you think, for better or for worse, it has changed the area. Leave a comment below or drop me a line.
Now, I don't know anything about these projects. I don't know if $260k is the right figure. And I don't know if a forgivable interest-free loan is the exact right mechanism to deliver these funds. But what the program does do is recognize this: Deeply affordable housing cannot be built without some form of subsidy.
Developers are often criticized for only building expensive housing. But the reality is that developers are, for the most part, takers of market pricing. In other words, we can't just decide to build for less. We can reduce build and finish quality to get costs down, but at a certain point, the cost to build is the cost to build.
And if that cost to build isn't what the market would view as affordable, then you're not going to get there without a subsidy. No developer is going to build if their expected revenues are less than their costs. Directionally, that's what this new program appears to recognize.
