Comment 34090

By Borrelli (registered) | Posted September 24, 2009 at 11:10:48

Oh c'mon JonC--don't be sad. This entire conversation/debate/whatever started off with a bunch of people, taking a government statement about building affordable housing downtown and finding reasons why it won't work--and look at all the kudos you got for it! You can't go using the great spotlight of criticism unless you're willing to have it shone on yourself sometime.

Also, how much do you think it costs to renovate a 100yr old building? I have no idea what represents good value for money since I'm not a developer and have few reference points, but as an example, Vancouver's social housing in the Olympic Village is going to cost them nearly $600,000 a unit, according to media reports. A release on the Ministry of Municipal Affairs and Housing website indicates that a recent project in Kawartha Lakes cost approximately $143,000 a unit, and another project in Whitby cost about $120,000 a unit.

I've been trying to figure out how much the Regent Park redevelopment cost but can't find much online, so if anyone knows, please share. Regardless, there's some real variation in costs out there.

But apparently we're all experts on social housing all of a sudden, and since you seem to know fairly authoritatively that anyone can get a 100 unit building built for significantly less than $18.5M, I wouldn't mind having some more stuff to read on this topic if you're willing to share.

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