Yeah, European countries sending soldiers to fight and die against the threat of a US invasion are showing no backbone.

Financing issues are a big part of the slow down, but it's downstream of the fact that adding 150k to the base price of every unit is an impediment to construction.

And yes, they've exempted rentals from certain taxes and development charges so that's where the industry is going.

The unsold inventory persisted because of city taxes and fees that add 150k+ to the base price of any new housing unit (condo) built in Toronto. You're ignoring a significant distorting factor that has strangled supply for at least a decade now.

IZ was explicitly supported by conservative councillors because they wanted to stop development in Toronto. If you read the transcripts of their statements they say it explicitly. Doug is right on this one

I don't think Tooze would say that resistance against fascist violence is wrong.

It would be crazy if a strong mayor used strong mayor powers to do good things for the city. Maybe someone should whisper it in Chow's ear

it does bother me that many realists take this statement as showing the eternal wisdom of their ideology when it's thucydides demonstrating the pitfalls of imperial hubris

For those keeping track at home, Housing Now started in 2019, and at least right now it doesn't look likely to create any affordable units by the end of 2026.

Should we support the dictator and condemn the US in the midst of a contentious trade negotiation?