[jmi22]

That is completely un-true and showing in this very section in of UT.

Lots of buildings have gone from Zoning to occupancy in under 5 years. Its true that many more have not; but a lot of that is on builders who have their approvals and sit on them, as well as builders who don't submit site plans after obtaining zoning because they never had any intention of building in the first place, it was merely a value-building zone/flip.

I really dislike these carried away statements that have literally no connection to reality.

There are projects, both public and private for which the City should be roasted for endless delays.............but this more general, and erroneous statement is unhelpful in resolving that.

When I say "the City of Toronto", I am referring to the literal city as an organization and it's 'building' arm CreateTO, which was created 7 years ago and has not delivered a single unit. It will likely continue to fail to deliver a single unit for the next 3+ years.

Of course private builders have delivered projects in sub 5 years, because they are competent, and able to navigate the cities Byzantine systems.

Anyways if CreateTO was a serious organization it would stop treating suburban uptown like its Midtown Manhattan lacking in low-usage land and just buy out the 20 detached houses directly west of the yard and get this done in half the time + cost.

 

[Northern Light]

When I say "the City of Toronto", I am referring to the literal city as an organization and it's 'building' arm CreateTO, which was created 7 years ago and has not delivered a single unit. It will likely continue to fail to deliver a single unit for the next 3+ years.

Of course private builders have delivered projects in sub 5 years, because they are competent, and able to navigate the cities Byzantine systems.

Anyways if CreateTO was a serious organization it would stop treating suburban uptown like its Midtown Manhattan lacking in low-usage land and just buy out the 20 detached houses directly west of the yard and get this done in half the time + cost.

CreateTO deserves to be roasted. I'm happy enough to agree with that.

Though I would distinguish them from the City corporate as there is the Housing Secretariat, Shelters division, and TCHC who also build. Some of those have been timely...........sometimes.

CreateTO, almost never..............sigh.

Amusing observation, even when they listen to my advice, and actually make changes fairly quickly and early...........see Parkdale Hub.......they struggle to get the decent idea into an execution phase.

 

[jmi22]

There is a real argument to be made that CreateTO has actually hurt affordability through shielding dozens of valuable sites from actual development during viable market cycles. We are reaching nearly a decade now where 10s of thousands of potential residential GFA has not occurred because it is locked in the 'public builders' hands. With the cooling of rents as 1000's of units have come online over the last year (and other factors obvi), the 4000+ market rate units that could have been built by priv devs had the city just sold off the sites in 2018 would do more for affordability than 100 BMR units15 years from now.