Timothy Johnson’s Post

Real Estate Development Opportunity: ROC Modular is one of the largest employers in the area and proud to operate our state-of-the-art #modular manufacturing facility in the heart of the growing town of Bow Island. Details: The Town of Bow Island is pleased to announce an agreement has been reached with CMHC to fast-track housing construction under the Housing Accelerator Fund (HAF). The HAF will provide Bow Island up to $1,568,000 over 4 years towards initiatives that increase the housing supply in Bow Island. The Town has agreed to set a target of 60 permitted units, of which 51 must be “Missing Middle” housing units, over the next 4 years. Missing Middle is defined as duplexes, multi-unit homes, secondary suites, and low-rise apartment buildings. Over the next few months, the Town will be making announcements for various initiatives including:  • Construction of more residential lots for Missing Middle housing. • An incentive program to encourage faster housing development. • Modernization of the Land Use Bylaw. • A 4 Year HAF Spending Plan. “Bow Island’s business and public service sectors continue to grow, increasing the demand for housing, especially rental units for the many job vacancies in our community. The HAF will enable the Town to create affordable, shovel ready lots for developers looking to Build Now in Bow Island and be part of our exciting future.” Mayor Gordon Reynolds https://lnkd.in/gKAgcseu

Australia needs family homes - a lot of them. This article by Peter Mares raises the concept of our missing middle, which is not a new topic. For a lot of precinct planning that Hadron has involved in, what is often missing is an integrated approach. Land needs to have zoning that is commercially feasible and attractive to redevelop/develop, essential infrastructure needs to be in place, there should be provision for green space and communitiy infrastructure, there should be connecivity, and planning systems need to be easy to navigate. #housing #construction #Australia

Cities across the state and country are in the midst of deep housing crisises. A significant contributing factor is the barrier to build an ample supply of housing where people want to live. There are cities and states taking tentative steps towards allowing abundant housing supply but there's still work to do for folks that are being priced out. One way for cities to help encourage more housing while also creating better conditions for longtime residents to continue living in the neighborhoods is to create/finance a "Supply in Exchange" system. Alfred Twu explains this system in this blog post: "When most land in a city is already divided into small lots with individual houses, even if zoning is changed, larger buildings come slowly since most homeowners don’t have the money or skills to be a builder. In Greece, this led to Polykatoikias being built using the antiparochi, or “Supply in Exchange” system. The homeowner supplies the land, and in exchange gets a few apartments in the new building." Financing projects like this would allow governments to decrease the risk to the developer while also creating a system that can more fairly benefit current residents. https://lnkd.in/gQBudA9f

A study conducted this year found that Kent County could add 70,000 housing units along underused commercial corridors. More than 3,000 acres of vacant or underdeveloped land with existing access to public utilities could help put a major dent in Kent County’s housing shortage while spurring more than $10 billion in new investment and $100 million in new tax revenue. A targeted effort by local governments, developers, and investors to develop those 3,000 acres could produce more than 70,000 housing units countywide over the next 25 years, which would greatly assist Grand Rapids in stabilizing the housing market. (Source: Crains Grand Rapids)

Total housing permits in Wisconsin have risen 26.2% so far in 2024, compared to the same period in 2023. The increase was strongest in the first quarter of the year, when total housing permits increased 35.3% year-over-year. For more information on housing permits in Wisconsin, check out the Monthly Economic Update. https://buff.ly/3TkH6Wh

I came across an interesting analysis of the residential property under supply that we are seeing in Australia. https://lnkd.in/ghQRYNgK Diana Mousina from AMP sets out the following key points in her article: - Housing demand in Australia has been running above housing supply for the past two decades causing a dwelling shortage. - High population growth in recent years and low levels of dwelling construction has made the housing shortage worse. - However, there are variations across the states and territories, with some in a housing shortage (Qld and NSW) and some likely in oversupply (Victoria) which is influencing dwelling prices in capital cities, rental vacancy rates and rental growth Well worth a read if you are interested in getting a better understanding of this issue.

Ontario’s housing crisis: delays and costs: Ontario's new-home construction is now further behind population growth than it has been in 50 years. Despite legislative efforts, rising municipal fees and lengthy approval processes are significantly hindering housing development. The average development charge in the Greater Toronto Area has skyrocketed to $164,920 for low-rise units, posing substantial challenges for developers. With the population expected to grow by over 463,000 this year, it is crucial that we address these issues swiftly to meet the target of 1.5 million new homes by 2031. Let’s advocate for the changes needed to ensure a ballanced housing market for all Ontarians! Learn more: https://lnkd.in/gPr3pr5 

New report ranks Sarasota-Bradenton as one of the most expensive areas for renters Contact me to discuss the latest scoop in real estate! #northport #northporthomes #northporthousing #northportrealestate #sarasota #sarasotahomes #sarasotahousing #sarasotalistings #sarasotarealtor #sarasotarealestate

The devil's in the details of federal funding for Toronto housing Contact me to discuss the latest scoop in real estate! #realestateToronto #gta #realestategta #torontohomestaging #torontorealtor #torontorealtors #torontostagers #torontorealestate #gtahomes

Vancouver announces housing development acceleration plan Contact me to discuss the latest scoop in real estate! #vancouverrealestate #vancouverrealestateforsale #vancouverrealestatemarketing #vancouverrealestateagent #richmondrealestate #richmondrealtors #coquitlamrealestate #Coquitlam #burnabyrealtors #vancouverrealtors