Bikes Bikes Bikes Invade Ford Nation

You need to read this carefully

Bixi bike-sharing program ready to roll in Toronto

They will come in basic black like those in London, England. Starting May 3, Torontonians can expect to see 1,000 Bixi bikes cruising all over downtown.

That’s when the long-awaited bike sharing program, already available in Montreal, Washington and Minneapolis — and also launching this spring in Ottawa — rolls out here, with 1,500 docking stations and 80 bike stations.

Designed for tourists and residents, the program gives cyclists the option of 24-hour passes or annual memberships, which allow users to grab a bike and park it at the station nearest their destination. Trips under 30 minutes are free. After that, a user fee applies.

Locations for the Bixi stations are expected to be announced in April.

About 1,200 of the $95 annual memberships have already been sold.

While demonstration bikes shown in Toronto in recent months were blue, in the end the city and the program supplier, Public Bike System Company, decided to go with classic black, said Daniel Egan, Toronto’s manager of Pedestrian and Cycling Infrastructure.

ING Direct signed on as a major sponsor last year and other corporate sponsors will be announced in April. Last fall, the city was short about $150,000 for the $600,000 it needed in sponsorships to bring Bixi here.

For people who don’t want to cycle to work, Bixi will provide the option of hopping on a bike to go to lunch or a meeting, said Councillor Denzil Minnan-Wong, who chairs Toronto’s public works and infrastructure committee.

Minnan-Wong also said he’s getting “positive signals” from residents and council colleagues to the idea of creating physically separated bike lanes in Toronto.

The Montreal program had 11,000 members within its first six months of operation. Last year there were 5,000 silver Bixi bikes on the streets there.

Lets read that line again

Minnan-Wong also said he’s getting “positive signals” from residents and council colleagues to the idea of creating physically separated bike lanes in Toronto.

More Bicycle Lanes? Traffic is grid locked already and you want to help 1200 bicycle riders? What about the 400,000 car driving tax payers that pay for parking and lunch and work?

Mayor's land-transfer tax helped sink Toronto real estate market, study says

Amid a sinking Toronto real-estate market, Mayor David Miller's controversial new land-transfer tax is to blame for a significant chunk of falling sales and house prices, a study released by the C.D. Howe Institute today concludes. Globe and Mail Jeff Gray

According to the study, Mr. Miller's tax – a levy of up to 2 per cent on top of the province's existing levy – is responsible for a 16 per cent drop in sales and a 1.5 per cent drop in house prices in the city compared to its suburbs.

City finance officials had pledged that the new tax would have little effect on the city's real estate market before it was implemented in February. But the C.D. Howe study, called Sand in the Gears, concludes that the levy actually was to blame for two-thirds of the drop in the number of houses sold in Toronto from February, when the tax was implemented, until August, when the real estate market's slide began to accelerate.

“The evidence really suggests a very large impact,” C.D. Howe Institute policy analyst Benjamin Dachis said in an interview. “I'll let the evidence speak for itself.” READ THE CD HOWE STUDY

The study says the new tax, implemented after months of political battles at city hall, can be blamed for an average $6,400 reduction to the price of a Toronto home, and has forced some homeowners to stay put instead of move.

In order to isolate the effect of the new tax from the rest of the winds hitting the real estate market, the study looked at the three kilometres of real estate on either side of Toronto's border with Peel, York and Durham Regions, where no new tax exists, from February to August. It found a deeper slide inside Toronto, where the new tax applies, than outside.

The new land-transfer tax, and a new tax for automobile registrations, caused a months-long political battle at city hall after council narrowly voted in July 2007 to delay the new taxes and Mr. Miller charged that the move put the city in a financial crisis. The new taxes were later approved in October.

Von Palmer, a spokesman for the Toronto Real Estate Board, said the study shows his group's warnings against the tax were right, and urged the city to repeal the tax.

"This validates what we've been telling people," Mr. Palmer said in an interview. "... The reality is that it has hurt the market."

City Councillor Shelley Carroll, the mayor's budget chief, said the city had anticipated some effect on the market but that it should stabilize after at least a year. She added that the market was artificially inflated in the run-up to the implementation of the tax as some rushed to buy a home before it took effect. (The study's authors say they took this factor into account in their analysis.)
"The ebb and flow of the market that's caused by the land-transfer tax was not unanticipated," Ms. Carroll said.

Ms. Carroll seized on the report's suggestion in the report that an 8 per cent increase to the regular property tax would have been preferable to the land-transfer tax. She said such a move would have seen seniors on fixed incomes forced out of their homes, while the city's land-transfer tax was meant to keep property tax hikes lower.

Taxing the sale of a home means "you look for an up-front one-time investment, only from those who can afford it, when they can afford it," Ms. Carroll said.

David Pylyp: My Purchasers are surprised when they are told about the addition land transfer tax in Toronto, even though the tax has been in place for almost a full year. Realtors in the Toronto Real Estate Board rallied and petitioned to no avail when these measures were announced, but I can see why the report above is so accurate.

My sales and marketing activity is concentrated right on the boundary between Toronto and Mississauga, in central and south Etobicoke. When a Buyer is faced with a downpayment plus expenses their choice is sometimes enhanced by the lack of taxes merely slipping to the west side of the 427.

This mornings news heralded a few tidbits I had to share.

Nathan Phillips Square Improvements $ 8 Million

City Hall Wedding Chapel $ 1.0 Million

This follows the bring your cups back to Tim Horton's debate that I cannot rationalize.

Could we spend this money improving bridges and potholes around Toronto; as Toronto's biggest Landlord could the City not improve their own housing?