Quote:
Originally Posted by Tesladom
Obviously there are a lot of factors at play here
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Hence why I said this
Here is how the methodology can be skewed, just one way to look at it
A similar new townhouse is available in Wateridge (let's call this an infill) and Orleans
Orleans one is a relatively "no so affordable $650k" for a your starting family and the Wateridge is a not affordable $950k. Taking the affordability question aside, if you just look at the municipal taxes, you will see that they would be around $5000 vs $7000 for each one. So from a tax perspective the same house in an infill is worth $2k more in taxes (municipal % is around 70% of that), so that's how they can say loss of $400 vs profit of $600. This is why this styudy is likely BS because the their methodology is likely questionable.
Also they don't factor at affordability.
We are now simply creating Greenbelt 2.0 pushing development to neighbouring bedroom communities like Rockland, Embrun, Limoges, Carleton Place etc... I don't blame young families for moving out there, its a question of affordability