CEO @republic_dev, real estate & urban development pro based in Toronto. Sharing insights, asking questions. Views are my own.
Toronto
Joined August 2011
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Given how insanely expensive housing has become, I asked my team today to run an analysis on the affordability impacts of taxes and government charges related to housing in the local Toronto high rise context….A THREAD:
My commentary on bulk condo sales in
@TorontoStar
“These are circumstantial transactions driven by current market conditions, so I wouldn’t assume they’re representative of where individual condo values will settle once the market stabilizes,”
thestar.com/real-estate/hund…
Matt Young retweeted
What will get housing built in today’s market? The latest post looks at:
• The condo slowdown
• Renting versus owning
• Rental market shifts
• New financing partnerships
• Student housing and neighbourhood growth
patreon.com/TUCPodcast/posts…
🤖 Made with AI
Always a pleasure doing the pod @benmyers29
Ep. 111: Matt Young (Republic), Michael Williams (Hazelview) and Alexander Suppa (Elysium) discuss a $178M Building Ontario Fund investment and Hazelview’s record CMHC loan, plus the future of rental housing. Sponsored by BCGi.
podcasts.apple.com/ca/podcas…
Matt Young retweeted
Ep. 111: Matt Young (Republic), Michael Williams (Hazelview) and Alexander Suppa (Elysium) discuss a $178M Building Ontario Fund investment and Hazelview’s record CMHC loan, plus the future of rental housing. Sponsored by BCGi.
podcasts.apple.com/ca/podcas…
This is extremely welcomed news after years of advocating for tax relief. This will 100% have the effect of lowering new home prices. Paired with the HST relief, we are starting to set the table for a new home recovery. Glad to see the city, province, and feds working together.
I was thrilled to present Mayor Chow and the City of Toronto with the first cheque from our Development Charge Reduction Program.
In exchange for this $1.5 billion investment in local infrastructure, the city is cutting development charges by up to 60 per cent, which works out to more than $80,000 per home. When combined with our removal of the HST on new homes, we are lowering housing costs by more than $200,000 for many homebuyers.
Find out more: news.ontario.ca/en/release/1…
Super proud of the accomplishments of our team at @Republic_Dev and Harlo Capital, and excited to be advancing our Scarborough Junction masterplan forward with a transformative $178M equity investment from the @buildingonfund
news.ontario.ca/en/release/1…
Matt Young retweeted
This news paired with the recent HST exemption on new homes is big for reducing the cost of housing. Thank you to all those that pushed for this including @MikePMoffatt , @MoreNeighbours , and @MYoungTO 's Coalition Against New-home Taxes. Much more to do but this is excellent!
NEW: The Federal and Ontario governments will spend $8.8 billion / 10 years to reduce municipal development charges by 50%
#onpoli
Necessary. Great leadership
WE HBA CEO @mikejcw and Vince Molinaro of the Molinaro Group appeared alongside Burlington Mayor @MariannMeedWard in @CHCHNews coverage discussing Burlington’s proposal to temporarily eliminate residential development charges. chch.com/chch-news/city-of-b…
Bad take. This perspective is everything wrong with Canada right now. “Weak men make hard times”
Carney’s four-day return-to-office mandate is complete nonsense.
There aren’t enough desks. It will make services and traffic worse. And govt’s own numbers show remote work could save $6B. This is a pointless waste of money.
Taxpayers and public workers deserve respect not nonsense.
cbc.ca/news/politics/federal…
The punchline here is “buy gambling platforms” but far more interesting is the preamble, which powerfully captures the quiet desperation of young people today. It’s not entitlement; it’s rational frustration when patience and hard work no longer lead to progress, driving many toward high-variance escapes just to feel some agency.
I think the real solution lies in fixing the root cause: building far more housing cheaper, to make that first major hurdle of stability a lot easier to achieve.
Laneways of Mallorca. 8.5 ft wide. Why can’t we do this in Toronto / North America?
@donnelly_b ?
Can’t agree with his philosophy on humanity, but evidently when it comes to housing he is bang on, with the most obvious statement of all time. @Canada @MarkJCarney please take note.
Boomers have most of their net worth tied to the value of their home. Young people struggle to afford those homes, and behind them we have fertility rates plummeting so there will be even fewer of the next generation to buy the homes….This is a big problem needing solving
If anyone is in the market for building a new 5.6 million square foot city on transit. @elonmusk take any cues you wish for Starbase ;)
storeys.com/republic-harlo-s…
Toronto is halting increasing development charges which is nice, but let’s be honest, a pat on the back for not making a bad situation worse is ridiculous. It’s time to cut DC’s in order to make new housing more affordable. It’s the right thing to do.
Cc: @Republic_Dev #CANT
Toronto City Council’s decision to keep development charges at their current rate came a week before a 4% increase scheduled for May 1.
Full story: loom.ly/bf4ormA
#Toronto #realestate #propertydevelopment
Matt Young retweeted
Toronto City Council’s decision to keep development charges at their current rate came a week before a 4% increase scheduled for May 1.
Full story: loom.ly/bf4ormA
#Toronto #realestate #propertydevelopment
We are under 2 weeks away from the next federal election in Canada and Canadians are going to be faced with a choice. Since my expertise is housing, I wanted to put together an impact summary of how each candidates housing policies may impact affordability. Follow Along 🧵
In summary, both plans are an improvement but it's clear @CPC_HQ gets the severity of this issue and is stepping up in a more meaningful way. Coupled with support from the Provinces and Municipalities, this is the shot in the arm we need to get housing built again.