City council to vote on new housing incentives Thunder Bay councillors will discuss a report on Monday outlining new incentives to increase the number of housing units being built in the city. The report will recommend the Housing Community Improvement Plan be adopted, that the entire city be designated as a community improvement project area, … Read more
If the house prices start at $700,000, it does not matter how many are built, they will not be affordable. There is no incentive for anyone to build “affordable” houses because everyone, except buyers, benefit from high prices. Builders, municipalities and banks benefit. They all make money, and everything is about money. Remember that. … Read more
Trudeau announces nearly $21M to build more housing Thunder Bay is receiving $20.7 million from the Housing Accelerator Fund to continue building homes across the city. Prime Minister Justin Trudeau was in town today for a major announcement regarding housing. At Smart Modular Canada, Trudeau announced $20.7 million will be doled out to the city over … Read more
In order to solve the affordable housing crisis in Canada, the government needs to get the speculators and investors out of the housing market. Its impossible for first time home buyers to compete against investor groups looking to make a better financial return than they can get from banks or stocks. Speculators drive up … Read more
City sells bold vision for 2,100 new homes in 3 years City leaders say with significant federal support, talk of a new housing boom in Thunder Bay could be more than just hype. City leaders broadcast a striking optimism that Thunder Bay is set for a population and housing boom at a Friday press conference. … Read more
First of all…will someone PLEASE define what an “affordable housing unit is. How much will it cost? What is an affordable price? Numbers please. Do politicians and the governments they inhabit REALLY want housing to be affordable? Is there not a conflict of interest here. Think about it. What would happen if all of … Read more
Province assigns Thunder Bay ambitious housing target The provincial government has assigned Thunder Bay an ambitious target for new housing builds, while moving one step closer to granting Mayor Ken Boshcoff and other heads of mid-sized cities “strong mayor powers.” Premier Doug Ford announced the moves, along with a new housing fund for municipalities that … Read more
What is affordable? I think a house that costs around $100,000 might qualify as affordable. Watch the video. Might be the path to open up home ownership to a larger portion of the population. Lower the cost of building homes. Lower the price of homes. Entry level homes should not cost $750,000. Entry level homes … Read more
City seeks up to $50M to jolt housing development An ambitious application for federal funding could help the City of Thunder Bay jolt local housing development. The city has applied for up to $50 million through the Housing Accelerator Fund, a federal program meant to kickstart 100,000 new home builds across the country, with a … Read more
‘All hands on deck’ required to fix housing crisis, says Ontario Chamber The availability and affordability of housing has reached a crisis point in the province, said the Ontario Chamber of Commerce. No longer an urban issue, this issue now impacts large and small communities across Ontario. The chamber has released a policy paper, Home … Read more