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General Urban Kitchener Updates and Rumours - Printable Version

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RE: General Urban Kitchener Updates and Rumours - danbrotherston - 03-03-2020

(03-03-2020, 02:26 PM)panamaniac Wrote:
(03-03-2020, 08:55 AM)Momo26 Wrote: I think he was comparing traditional buying to live/invest to rent to only person/family vs mixed intent ie. Air BnB, students, low-income (if a particular building includes these) etc.

Interesting point and one not to look over at end of article re: creating a ghetto if entire Charles St. Terminal is redeveloped into all affordable housing. So you mix, because that's what cities are doing - what's a good ratio then, how does one find a balance?
Has it been seriously suggested that the terminal be given over to “affordable” housing only?  I would have thought it more likely that there’d be political will and budget for, at most, an affordable or public housing component.
The idea of converting the old police station to an expanded KWAG is an interesting one.  The walled section of the old goal could make a interesting sculpture garden pending something more ambitious in future.

"Serious calls"...certainly there have been loud voices in the community demanding it, and many more moderate voices suggesting it.

The condo board is a question for sure, but ultimately, I would hope those who rent out their units want a building maintained in a good state of repair.

Also, very strange comment about RoboCop, that was definitely Houston's City Hall not ours...ours isn't even really "futuristic"...


RE: General Urban Kitchener Updates and Rumours - Momo26 - 03-03-2020

Ah so an incorrect fact about RoboCop?

Re: air BnB restriction, one has/had the ability to buy an 'short term rental license' for Station Park! Wink


RE: General Urban Kitchener Updates and Rumours - tomh009 - 03-03-2020

(03-03-2020, 03:51 PM)Momo26 Wrote: Re: air BnB restriction, one has/had the ability to buy an 'short term rental license' for Station Park! Wink

So that's two buildings going down that path. The good thing is that it takes pressure off other buildings.

We were pretty close to buying a unit at Avenue M, but when I read through the declaration, I concluded that the board would have no ability to manage the short-term rental activity, or to rescind the rental licence of an abusive or irresponsible landlord. Didn't want to risk owning a unit in a building with such a situation.


RE: General Urban Kitchener Updates and Rumours - Momo26 - 03-03-2020

Refresh my memory..how many licenses granted at Avenue M?


RE: General Urban Kitchener Updates and Rumours - Coke6pk - 03-04-2020

(03-03-2020, 03:51 PM)Momo26 Wrote: Ah so an incorrect fact about RoboCop?

The article said Robocop 2.  There was a Robocop remake filmed entirely in Canada (Really a Robocop 4 I think)…. perhaps that filmed at "futuristic" City Hall.

Coke


RE: General Urban Kitchener Updates and Rumours - tomh009 - 03-04-2020

(03-03-2020, 10:29 PM)Momo26 Wrote: Refresh  my memory..how many licenses granted at Avenue M?

25 units. No restriction as to which units, or where in the building, can be rented out. $50/month fee for doing this (which fee is set in the declaration and is practically unchangeable bar a 2% annual increase).


RE: General Urban Kitchener Updates and Rumours - jeffster - 03-05-2020

(03-02-2020, 05:17 PM)tomh009 Wrote: "City must prepare for thousands of new downtown residents"
https://www.therecord.com/news-story/9871975-city-must-prepare-for-thousands-of-new-downtown-residents/

Generally in agreement with the story (and the professor), although I am mystified why this building boom would cause problems for condo boards, any different than what those boards deal with today.

Not sure what all he's trying to say. I was curious of the DTK -- stating it is 40 stories. Also about Robocop 2, which we believe now is Robocop 4. Both figures may originally have been incorrect, as is usually for The Record.

I believe that any condo being built will have a solid idea of proper condo fee's for maintenance. I believe that the current ones are far from cheap, more than enough to cover any serious issues.

I do like and agree with what he said about a low-income ghetto. Hopefully the region will understand the importance of mixed building as opposed to entirely low-income. Though I would hope if the region is serious about low(er) income housing, they include Waterloo (oh, they will love that) and Cambridge and possible New Hamburg and Elmira in the mix. I'd be happy with 35/30/30/5 (Kitchener/Cambridge/Waterloo/Townships) allotment.


RE: General Urban Kitchener Updates and Rumours - Rainrider22 - 03-05-2020

How about 30/32.5/32.5/5 I say that because Kitchener has already taken on a disproportionate amount of income housing and social services....


RE: General Urban Kitchener Updates and Rumours - jeffster - 03-05-2020

(03-05-2020, 08:16 AM)Rainrider22 Wrote: How about 30/32.5/32.5/5  I say that because Kitchener has already taken on a disproportionate amount of income housing and social services....

That is a better formula than mine!


RE: General Urban Kitchener Updates and Rumours - westwardloo - 03-05-2020

(03-05-2020, 10:30 AM)jeffster Wrote:
(03-05-2020, 08:16 AM)Rainrider22 Wrote: How about 30/32.5/32.5/5  I say that because Kitchener has already taken on a disproportionate amount of income housing and social services....

That is a better formula than mine!
Or we could amalgamate the three cities and have one cohesive planning department so one area of the region doesn't have a majority of the low income and social services. JK this is a ridiculous idea, much better to have 4 different planning departments do this separately.


RE: General Urban Kitchener Updates and Rumours - Rainrider22 - 03-05-2020

The region already has carriage of this portfolio...


RE: General Urban Kitchener Updates and Rumours - jeffster - 03-05-2020

(03-05-2020, 11:55 AM)westwardloo Wrote:
(03-05-2020, 10:30 AM)jeffster Wrote: That is a better formula than mine!
Or we could amalgamate the three cities and have one cohesive planning department so one area of the region doesn't have a majority of the low income and social services. JK this is a ridiculous idea, much better to have 4 different planning departments do this separately.

It's a regional issue, not city, and regional planning. Unsure how it would change if we had 1 city, but my guess is that NIMBY's would still prevent movement in Waterloo and to a less extent, Cambridge.


RE: General Urban Kitchener Updates and Rumours - tomh009 - 03-05-2020

(03-05-2020, 01:21 AM)jeffster Wrote:
(03-02-2020, 05:17 PM)tomh009 Wrote: "City must prepare for thousands of new downtown residents"
https://www.therecord.com/news-story/9871975-city-must-prepare-for-thousands-of-new-downtown-residents/

Generally in agreement with the story (and the professor), although I am mystified why this building boom would cause problems for condo boards, any different than what those boards deal with today.

I believe that any condo being built will have a solid idea of proper condo fee's for maintenance. I believe that the current ones are far from cheap, more than enough to cover any serious issues.

The developers tend to err on the low side with the condo fees, unsurprisingly so. But once the condo board does the first reserve fund study, the reality hits, and the reserve contributions are reset to a sufficient level. Unless the board intentionally hides the presence of short-term rentals, the engineering firm will account for those in the reserve fund study and adjust accordingly.


RE: General Urban Kitchener Updates and Rumours - danbrotherston - 03-06-2020

(03-04-2020, 02:09 PM)Coke6pk Wrote:
(03-03-2020, 03:51 PM)Momo26 Wrote: Ah so an incorrect fact about RoboCop?

The article said Robocop 2.  There was a Robocop remake filmed entirely in Canada (Really a Robocop 4 I think)…. perhaps that filmed at "futuristic" City Hall.

Coke

I have never heard of this, and now I'm really curious.

But it's definitely not "RoboCop 2" which is definitely the hollywood sequel to RoboCop.

And yes, the legislation around condo board maintenance is really quite strict, every four years a study must be done to assess the condition of the building and the future maintenance requirements, the board must then fund this account according to the requirements. Usually prices go up so most studies show a need for increasing the account, and certainly the developer's initial amounts are too low (not sure why they get away with this) to make the property look more attractive, but this is rarely an issue of maintenance, only of missed expectations for the owners.

I'm not totally clear on how short term rentals would even affect this, it's unlikely to affect things like replacing expensive equipment on the roof, etc. and any damage to the property caused by short term renters can probably be assessed back to the unit owner.


RE: General Urban Kitchener Updates and Rumours - tomh009 - 03-06-2020

(03-06-2020, 11:26 AM)danbrotherston Wrote: I'm not totally clear on how short term rentals would even affect this, it's unlikely to affect things like replacing expensive equipment on the roof, etc. and any damage to the property caused by short term renters can probably be assessed back to the unit owner.

Most of the additional wear and tear from short-term rentals would likely be on hallway walls etc.

The wild card is the potential for damage from irresponsible short-term renters. Within the unit it's a unit-owner responsibility, common areas would be condo corporation. It might be possible to charge back to the unit owner if there is sufficient (video or otherwise) evidence to identify the people causing the damage.