There are many development narratives that I don’t quite understand. (I’m thinking of Toronto, but you can probably replace Toronto with any number of global cities for this discussion.) One is the belief that our transit network is full and so no new development should… Read More
All posts tagged “developer”
The war on beauty
A recent essay by The School of Life asks: “Why is the Modern World So Ugly?” Here’s how it opens: “One of the great generalisations we can make about the modern world is that it is, to an extraordinary degree, an ugly world. If we… Read More
The housing supply narrative is a sham
That is the argument that Joshua Gordon, who is an assistant professor in the Simon Fraser University School of Public Policy, recently made in this opinion piece in the Globe and Mail. In his view, there’s no evidence to suggest that housing supply can actually… Read More
A few thoughts about housing supply
Here are a few things to consider. One, the home you live in was likely built by a person or company that was trying to make a profit. Two, when your home was being developed and built, it probably upset a bunch of people. Both… Read More
What will our customers think? Condo vs. rental.
Condo developers are merchant builders. They build a project and then move on. Because of this, there’s a belief that there’s little incentive to build for durability, in comparison to say purpose-built rental buildings where the developer might continue to own over an extended period… Read More
Where developers won’t build even with $0 land
Building on yesterday’s post about inclusionary zoning, below is a telling diagram from the Urban Land Institute showing which areas of Portland can support new development and which areas cannot. To create this map, ULI looked at achievable rents in each US census block to… Read More
What would you like to know about real estate development? (Also, inclusionary zoning)
I asked this question on Twitter this morning because I am planning to write more development-related posts. It’s a topic that seems to be of interest to a lot of people. One question that I received was about the kind of profit margins that Toronto… Read More
Uncreative and greedy
There’s a narrative out there that all developers are uncreative and greedy, and if only they would start being more creative and generous, we could solve the housing affordability problem that is plaguing many (if not all) global cities. In other words, the solution to… Read More
Airbnb is powering new purpose-built short-term rental buildings
This past weekend I was in a condo building here in Toronto with large signs in the elevator saying, “No Short-Term Rentals Including Airbnb Are Permitted. Trespassers Will be Prosecuted.” It was the first time I had seen anything like this, but it immediately signaled… Read More
Solving the rubik’s cube
Developing a building can often feel like you’re trying to solve a rubik’s cube. Among other things, you have to manage a myriad of different stakeholders, all of which — naturally — operate in their own self-interest. There’s the city, community, politicians, various agencies, consultants,… Read More