Another day, another set of announcements about large companies and rich people moving to lower cost US states. Yesterday it was announced that Oracle will move its corporate headquarters from Silicon Valley to Austin, Texas. (If you remember, Elon Musk also recently announced that he… Read More
The big news this week in Toronto planning & development is the province’s decision to approve three downtown development projects using a tool known as a “ministerial zoning order.” The impetus for doing this was to speed up the approval and delivery of about 1,000… Read More
Back in March, SPUR Regional Strategy published a report called: “What It Will Really Take to Create an Affordable Bay Area.” Much of its focus is on all of the housing that the San Francisco Bay Area should have been building over the years and… Read More
Let’s say that we have a piece of development land worth $100. That is the market value of the land based on its highest and best use at this particular point in time. Now let’s assume that the land was just encumbered with a new… Read More
This past week, San Francisco’s Proposition E was approved by 55% of voters. The measure works by limiting new office development if (or when) the city falls short of its affordable housing target for the year. If the city only builds 25% of its housing… Read More
Last year, the city of Berlin agreed to a five year rent freeze for some 1.5 million flats constructed before 2014. The way it was initially approved is that it would freeze rents at mid-2019 levels and allow for only 1.3% inflationary increases. All of… Read More
On February 1, 2017, an inclusionary zoning ordinance came into effect in Portland, mandating that all new residential projects with 20 or more units dedicate a portion of the building to affordable housing. For the first year, the requirement was 8% of all units for… Read More
The average salary of a teacher in the United States was approximately $61,730 last year. This can make homeownership in high cost areas a challenge. Here is a chart from Curbed: Landed is trying to solve this problem by offering downpayment assistance to “essential professionals”… Read More
The American Institute of Architects just presented its 2019 Housing Awards. 12 housing projects were recognized across four categories. Some of the projects I have written about before — such as the Tiny Tower in North Philadelphia. But most of the projects haven’t been covered… Read More
As of August 2018, the City of Toronto has allowed laneway suites (accessory dwelling units) to be built as-of-right in the Toronto and East York area of the city (subject to meeting some criteria). This was a tremendous step forward for the city. And I… Read More
