Deleted my tweet re: allowable increase for 2025 because one of my smart colleagues pointed out that the govt uses overall CPI (not rental shelter CPI) to set allowable increase. CPI is around 3% I believe. Rental shelter CPI is much higher (questionable, we haven’t seen that).

Long run day incl pass thru the Water Street pedestrian zone - what a nice change, hopefully becomes permanent! strava.app.link/Ik2g8zMqmMb

Whitecaps’ Gauld earns his first national team call-up in a decade 🤩 dailyhive.com/vancouver/whit…

Construction update: Herzog & de Meuron’s HORTUS office project in Allschwil, Switzerland, is nearing completion. The mass timber building will host 600 workplaces and be fully carbon offset after 31 years, the firm states. Herzog & de Meuron #MassTimber archinect.com/news/article/1…

Interesting that after all these Canadian taxes and restrictions, residential real estate affordability remains a serious problem. Must be time for some more taxes.

Developers should count the affordable units created by vacancy chains as one of contributions of their project:

Inclusionary zoning doesn’t work, it’s one of the worst ideas that continues to pervade planning.

For my policy friends, here's a paper that explores how Athens was able to build so many Polykatoikías in the post-war period. TLDR: the flats-for-land program saw owners contribute their land to developers in exchange for new condos, a la Tel Aviv. econstor.eu/bitstream/1041…

Agree with this - it takes time for sentiment to turn but I think the market will start to gather momentum this month at the same time inventories start to evaporate. Should see prices move up in October and November. Next spring everything will be the “new price”, 5% higher.

Great thread here on a city I’ve never visited but is at the top of my list, now even more so! 🇬🇷🏛️🏺

How can you not just love this guy?

Planners are trying so hard to stop bad things from happening that they are stopping good things from happening

Every Douglas Todd article is a bunch of arguments against housing supply increasing faster followed by a call to slow down immigration to give supply a chance to catch up. Seeing as he wants to limit the ability for supply to catch up, I think he just wants less immigration.

SSMUH is not going to solve the need for family housing. Munis need to urgently enable townhouse land that was eliminated through TOA.