Quote:
Originally Posted by Tesladom
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
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It's not just how matter of how much tax revenue is generated, it's also a matter of spending. High-rises along transit stations need far less spending from the city when it comes to infrastructure, services and transit than a new neighbourhood in Cumberland would.
We need to rethink the way municipal taxes work entirely. Right now, people living in the core or along transit stations are subsidizing the construction of new far flung suburbs. People should pay a municipal tax rate that represents how expensive their neighbourhood is to the city. Those living in remote suburbs should pay more municipal taxes than people living in the core, not the other way around.