Real Estate

Ford government budgeting $25 billion for four Toronto transit projects, sources say

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  • Apr 3rd, 2019 9:59 am
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Jan 26, 2016
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Toronto, ON

Ford government budgeting $25 billion for four Toronto transit projects, sources say

https://toronto.ctvnews.ca/ford-governm ... -1.4356058

It seems there might be some superb RE investment opportunities on the horizon given the seemingly concrete actions being taken by the Ontario government.

About time!
A look at how the province’s plans differ from the city’s efforts:

Scarborough subway extension

City council has approved a one-stop subway extension of Line 2, terminating at Scarborough Town Centre.
The province wants to build a three-stop extension of Line 2, continuing north from a stop at Scarborough Town Centre.

Eglinton West extension

City council and the TTC prefer a surface-level extension of the Eglinton Crosstown LRT line, according to the letters.
The province has proposed a significant portion of this extension be built underground.

Relief line south

The TTC previously had plans to have the relief line use “existing technology and traditional delivery methods” currently being used on Line2, according to the letters.
However, the province now says city council and the TTC are contemplating using a different technology for the project than the one currently being used on Line 2.

Yonge North subway extension

The province wants the progress of this project to run in-parallel with design work related to the relief line so the “in-service date for the extension is fast-tracked to the greatest extent possible.”
47 replies
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Feb 29, 2008
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All talk until I see shovels in the ground. They’ve been talking about extensions for decades with little to no action.
Last edited by JayLove06 on Mar 30th, 2019 10:36 am, edited 1 time in total.
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Jan 31, 2013
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"The old plan was too slow because too many things changed. It's time to rethink the plan!"
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Jun 1, 2017
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Cancellation of basic income plan is good. Why hard working taxpayers waste so much money for welfare so those people don't need to work?
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neilsmith43 wrote:
Mar 30th, 2019 9:32 am
Cancellation of basic income plan is good. Why hard working taxpayers waste so much money for welfare so those people don't need to work?
I don't think cutting off welfare completely would be a good idea either. Crime would certainly soar and we'd probably end up spending more money trying to deal with them.
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Jul 25, 2008
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ottawa
It was a pilot, to see what the effects are. So we could study it to see if it was a good idea.

It's also a very good way to reduce the overhead of the welfare system and cut tens of thousands of government jobs and red tape. If the goal is to give poor people money to live, this achieves that in the most free-market way possible.

I actually prefer infrastructure projects for fiscal expansion, so this news is good, but Doug's obsession with subways over far cheaper and more efficient options will cost every taxpayer in this province. I bet more than either the pilot itself or the various lawsuits he's caused.
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Dec 13, 2016
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Not enough money as most will be spent on "research". We need one trillion.
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danishh wrote:
Mar 30th, 2019 10:56 am
It was a pilot, to see what the effects are. So we could study it to see if it was a good idea.

It's also a very good way to reduce the overhead of the welfare system and cut tens of thousands of government jobs and red tape. If the goal is to give poor people money to live, this achieves that in the most free-market way possible.

I actually prefer infrastructure projects for fiscal expansion, so this news is good, but Doug's obsession with subways over far cheaper and more efficient options will cost every taxpayer in this province. I bet more than either the pilot itself or the various lawsuits he's caused.

The argument that it was a test, is complete BS.

We already know the results from decades of countries who ran this type of extreme socialist system, and later collapsing into poverty or being completely wiped out economically.

Theres also other countries that have ALREADY tested and got neutral to negative results back.

https://www.weforum.org/agenda/2019/02/ ... t-working/

TLDR: lazy people still lazy and avoid getting jobs to work for money BUT they report being less stressed and feeling happier (gee, wonder why...meanwhile the working public is missing a grand a month out of their own paycheck and have higher levels of stress)

The moment a country punishes people for being smart or succesful, its the moment that country will end up destroying itself. Canada is halfway there without this basic income BS.

Theres a reason most doctors, high end engineers, researchers and so forth, do not stay here after becoming successful or finishing their studies. They’re all moving to the States or other parts of the world that rewards them according to their level, not punishing them for it.

Welfare has its purpose, but rewarding lazy people with more money and lower stress levels while your working class is suffering more health issues and higher stress levels, is a fked up way to run a country.
Member
Mar 25, 2002
475 posts
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I do not understand why everyone is against the Province taking over the TTC... I'm for them taking over the capital projects, however leaving the day to day to the city. Toronto I believe cannot go into debt for the projects, whereas the province can capitalize the projects allowing them to be completed quicker.

On another note, I really think we need to implement fare's by zones, especially as the system expands. A ride from Don mills --> union or victoria park --> union should not be the same cost as going from Dundas to union etc...
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Feb 29, 2008
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zeroburn wrote:
Mar 30th, 2019 11:49 am
I do not understand why everyone is against the Province taking over the TTC... I'm for them taking over the capital projects, however leaving the day to day to the city. Toronto I believe cannot go into debt for the projects, whereas the province can capitalize the projects allowing them to be completed quicker.

On another note, I really think we need to implement fare's by zones, especially as the system expands. A ride from Don mills --> union or victoria park --> union should not be the same cost as going from Dundas to union etc...
Agreed.
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Jan 12, 2017
443 posts
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+1. Would even go as far as to say I wouldn't support Province ownership without the fare by zone or distance. Should be easy to setup - they already do it for the GO. All they have to do to load balance across transportation systems is coordinate the pricing.

eg - Old Cummer GO to Union GO is ~$5/$5.65 (Presto/Cash). Yonge & Finch to Union by subway should not be too much less.
Yonge & Hwy 7 to Union, at 50% more distance should cost around $7-$7.5.
JayLove06 wrote:
Mar 30th, 2019 11:55 am
Agreed.
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BiegeToyota wrote:
Mar 30th, 2019 11:04 am
Not enough money as most will be spent on "research". We need one trillion.
“Research” aka the politicians offshore accounts.

The funny thing is there any verification who is getting paid? Where the money goes? Whose account these Cheques get cashed? Why doesn’t the public at least have access to seeing how these people spend the money?

We are taxed to death and still can’t fund basic projects... it’s god damn ridiculous and clearly much of tax dollars is going into someone’s pocket.

And now another carbon scam tax to fund god knows what...
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Feb 9, 2009
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If I’m ford just start the damn projects... the money will come.. as Trudeau says “the budget will balance itself”.
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JayLove06 wrote:
Mar 30th, 2019 10:38 am
I don't think cutting off welfare completely would be a good idea either. Crime would certainly soar and we'd probably end up spending more money trying to deal with them.
Well said. I used to think why we pay for safe injection sites? Then I realized the alternative is way more costly and undesirable.
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Sanyo wrote:
Mar 30th, 2019 2:20 pm
“Research” aka the politicians offshore accounts.

The funny thing is there any verification who is getting paid? Where the money goes? Whose account these Cheques get cashed? Why doesn’t the public at least have access to seeing how these people spend the money?

We are taxed to death and still can’t fund basic projects... it’s god damn ridiculous and clearly much of tax dollars is going into someone’s pocket.

And now another carbon scam tax to fund god knows what...
Yet you and I and we still live here. Why?

Because this is literally the BEST city and County to live in. Take into account: terrorism, climate, population, cultural acceptance, education, health care, roads, non corrupted government, entertainment, jobs, and more

If you can name some other cities that have all this, I'd be interested to hear.


Hence Real Estate in Toronto is amazing and always will be.

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