All Hail Rob Ford, Toronto’s 64th Mayor

Toronto has elected Rob Ford with 47% of the popular vote, a sign that Torontonians are angry at overspending in city hall. Ford has campaigned on ripping out streetcars, cutting city council in half, allowing garbage collection to be bid on by private companies, and scrapping taxes on dogs, cars and home sales.

“The grassroots are going to speak out today. They are fed up with the wasteful spending and we’re going to stop the gravy train,” says Ford.

But it won’t be easy. Ford won’t be getting council support for everything. That $60 vehicle registration tax will be history, and overspending in city offices will likewise be getting the axe. His biggest strength will be contracting out things like garbage collection, street cleaning and other things that will certainly be doable.

“The people of Toronto are united around the call for change,” Ford said on the night of October 25th. Just don’t expect him to fulfill all his promises and certainly not with any great speed.

Ford also plans to hire 100 more front line police officers, including 30 just for schools; graffiti will be removed from public places; traffic signals “may” become synchronized; curbs will be colour coded so people know where it is safe to park; subways will be fast-tracked, pending provincial approval; more express buses will be added; the municipal land transfer tax will be gone by 2012; property taxes will be kept in line with inflation; and no more TTC strikes will be permitted on short notice.

Rob Ford describes himself as a “fiscal conservative and social liberal”, but the emphasis is really on fiscal conservatism in his goal to cut back on “back room deals.”

More Torontonians moving to Satellite Towns & Cities

Urban sprawl is an ever growing issue in Toronto, but don’t tell that to people buying homes in Brampton, Mississauga and Georgetown. There are two groups of people who are buying homes in these regions:

  • Group A: Moving there because homes in Toronto are too expensive and they’ve decided it would be more economical to commute to work.
  • Group B: They found work in Brampton, Mississauga or Georgetown, areas which have been seeing huge growth during the last 2 decades, and they want to buy homes closer to their workplace.

As time goes by however Group B keeps getting bigger and bigger. According to Greg Kuenzig, a Toronto city planning consultant who recently moved to Brampton but now works overseas in London England, the number of people moving and working in satellite cities will eventually reach a point that it is arguably no longer urban sprawl. It’s just a completely separate city, with its own economy and its own local politics, with little connection to the overflowing metropolis which spawned it.

Satellite Cities and Population shown in PinkSatellite Cities is a term used to describe smaller cities around larger metropolises that grow in independently and have their own downtown core, city council, etc. Examples: Mississauga, Brampton and Vaughan.

Let’s take Georgetown for example, a prime location for people looking to commute to Toronto because of the GO Station. According to a 2006 census the population of Georgetown had risen to 36,690, a 16.4% increase over a 10 year period. In more recent years the Brampton and Oakville region has seen an explosion of growth, which has sparked many local stores and franchises to open up (which brings in local jobs and even more people).

The new Weaver’s Mill townhome development in Georgetown is a sign of the times. It’s catering specifically to young singles and couples who are looking for townhomes. Compared to the $500,000 one might spend on a house in Brampton, the $289,990 for a townhome at Weaver’s Mill is well worth it. The price difference is huge. The concept is simple: Draw in the young people who are willing to commute to Toronto via the GO train, offer them the benefits of a small town but with the convenience of still being close to Toronto.

But eventually these young couples have children, which means the community has to grow to accommodate more people who set down roots and decide they don’t want to leave. Eventually Georgetown will become a small city in its own right.

In Canada urban sprawl is basically a necessity. We’re still a young country and our population density is a mere 9.27 people per square mile, one of the lowest population densities in the world. (The North American average is 32 people/square mile and the global average is 115.) Our country is under-populated and urban sprawl/the flourishing of communities is bound to happen in a country which has yet to reach its potential.

Will real estate buying become a social activity?

Facebook LogoAccording to Facebook founder Mark Zuckerberg, real estate buying and
other major purchases could become a social activity like never before.
“Designing products around people will be universal… will not just be
Facebook,” says Zuckerberg. The founder of the world’s largest social
network believes we’re entering a new era of internet-based social
activity wherein the “default is social” and things like shopping for
big ticket items will be centered around people as opposed to the actual
things and objects they’re purchasing.

In other words, buying a home just might become more of a party, where
you invite friends and family to go with you to check out possible homes
to buy. It won’t be as much about the home as about the interaction of
multiple people and the “event” of home buying. I believe it’s always
been about more than just buying a home – it’s buying into a social
atmosphere, a community, a dream for a new life.

Zuckerberg believes that every industry will be affected by this social
effect, including the automotive industry, the fashion industry, and the
real estate industry. He explains that when speaking face-to-face we use
our knowledge about the person to assign value to what they’re saying.
Thus real estate advice from a friend or family member has more value
than advice from a stranger on the street, even if they’re giving you
the same advice.

Social NetworkingThis of course raises some interesting questions:

How large a role will social media play in real estate? Will everyone be buying a home online? Or it will it be more for the social butterflies?

Is social advice you get from friends more important than outside facts,
photos and information about the house you’re buying?

How will a merger of social media and real estate manifest itself?

We can imagine for example that people in the future might browse a
virtual representation of their future home (which has yet to be built)
and invite their Facebook and Twitter friends to browse the virtual copy
of the home as well, using virtual avatars. Using something similar to
Google Street View, they could also explore the neighbourhood and learn
more about the place they might be living.

Exciting ideas for BAM to consider as we develop marketing strategies
and advertising campaigns that will appeal to the next generation of
online users!

An Office’s Best Friend

Meet Rollie, our office dog who has recently been promoted to CDO, Chief Dog Officer.

Rollie has been with our company for almost two years during which time he worked as a personal friend of mine and everyone who came by in the office. Rollie is very friendly and full of energy. No matter how crazy things get at our BAM headquarters, Rollie always maintains a sense of calm that’s infectious.

I recommend Rollie without reservations. I am confident that he will make a positive influence wherever he works. Please let me know if you have any questions about this outstanding young dog.

Signed,

John A.

Mayoral Candidates Debate Condo Issues

Condo issues have not been really addressed by any of the mayoral candidates, yet condo development in Toronto is of epic proportions. Toronto is home to over 2,100 condo corporations that house hundreds of thousands of voters.

City services and future development policies directly and specifically affect the lives and finances of condo dwellers in our city.

In response, The Toronto Chapter of the Canadian Condominium Institute is holding a special debate focused on condo-related issues.

The debate will be held on Thursday, September 30th, 2010 between 2:00-5:00 pm at the Novotel North York Hotel, 3 Park Home Avenue, Toronto, Ontario. Click here to learn more and register to attend the debate.

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