By Staff
February 14th, 2017
BURLINGTON, ON
Housing prices in Toronto and Vancouver were rising so quickly and dangerously – especially in Vancouver, that the Bank of Canada, the federal government, the province of British Columbia, the city of Vancouver the and the Vancouver Real Estate Board all jumped in and did their best to stabilize the situation in BC where things were worst.
Is that same kind of a real estate bubble about to hit Burlington?
The Beachway is a community that is destined to disappear if the current Region and municipal bylaws stay in place and a massive upscale park gets built in the next 20 years.
An attractive, well maintained home in the Beachway Two houses on the lot.
The Region is now taking phone calls from any of the 25+ homeowners in what is left of that community who want to talk about selling.
One property owner with a lot that has two houses close enough to the lake to be able to smell the water has let the Region know that they are prepared to accept $2.3 million.
$2.3 million eh! Two houses on a lot that fronts onto Lakeshore Road.
They want to be able to live in the house for the next three years and have the right to remove some of the building materials when the house has its day with the backhoe.
Most of the houses the Region has bought to date ate now empty lots.
Citizens looking at the plans for a Park that will take up all of what used to be a the Beachway community.
We will do our best to keep you posted on this one.
Weren’t all those homes on land leases years ago?
Steve, you are confusing the 99 year lease cottages that have all been torn down by early this century, with the fully-owned homes that remain.
A few years ago when Regional Council voted to buy these 30 homes on a willing seller, willing buyer basis, they budgeted $10 million ($333,333 each). Burlington Waterfront argued against clearing out this community for no good reason and predicted that the real cost would be at least double the budget. Fast forward to 2017 and it appears that most remaining homes may cost taxpayers an average of $750 – $ 1 million over the years to come, just as was predicted. Just to be demolished.
Sad commentary when residents of an established neighbourhood like Beachway are pressured into selling so that Regional planners can superimpose their vision of what is best.
Not surprising though given the current mindset on Council and a Mayor who thinks that 30 storey highrises that form the nucleus of his intensification hubs are the way to go. In Rick Goldring’s world tradition, history, community involvement and individual property rights count for nothing.
Too bad home owners couldn’t be left alone. Still DARTS to bureaucracy that determines future based on archaic idea
Willing seller willing buyer. What a hypocritic statement