Michelle Chin is grateful to be living in Dundas.
“I feel very fortunate to have moved to Dundas in 2006 when prices were more reasonable,” said the Park Street resident. “Nowadays, a modest 700-square-foot cottage in Dundas can list for $425,000."
“Had my family faced today’s housing prices, we likely would have moved to a different town. I hope that my kids will have a choice of where they want to live, not just where they can afford.”
Housing affordability was the topic of a recent Dundas Works roundtable.
Chin said that over the past 10 years, there has been a significant increase in the cost of homes in Hamilton. Prices in Dundas have risen over 20 per cent since 2016, she said.
“If you do the math, home ownership for young people in their mid 20s is almost unattainable,” said Chin.
Those in attendance at the roundtable discussed ways to make future housing in Dundas more affordable. One way was to increase the supply through infill and develop more mixed use zoning with commercial spaces at ground level and modest residential spaces above, said Chin.
Another idea was to allow for conversions of large homes to create basement apartments and granny flats.
Many people in attendance at the roundtable agreed future development needs to be sustainable net zero buildings, where the total amount of energy used by a building is roughly equal to the amount of renewable energy created on the site, which would reduce the monthly utility bills of the residents.
The next roundtable is being planned for May.
Michelle Chin is grateful to be living in Dundas.
“I feel very fortunate to have moved to Dundas in 2006 when prices were more reasonable,” said the Park Street resident. “Nowadays, a modest 700-square-foot cottage in Dundas can list for $425,000."
“Had my family faced today’s housing prices, we likely would have moved to a different town. I hope that my kids will have a choice of where they want to live, not just where they can afford.”
Housing affordability was the topic of a recent Dundas Works roundtable.
Chin said that over the past 10 years, there has been a significant increase in the cost of homes in Hamilton. Prices in Dundas have risen over 20 per cent since 2016, she said.
“If you do the math, home ownership for young people in their mid 20s is almost unattainable,” said Chin.
Those in attendance at the roundtable discussed ways to make future housing in Dundas more affordable. One way was to increase the supply through infill and develop more mixed use zoning with commercial spaces at ground level and modest residential spaces above, said Chin.
Another idea was to allow for conversions of large homes to create basement apartments and granny flats.
Many people in attendance at the roundtable agreed future development needs to be sustainable net zero buildings, where the total amount of energy used by a building is roughly equal to the amount of renewable energy created on the site, which would reduce the monthly utility bills of the residents.
The next roundtable is being planned for May.
Michelle Chin is grateful to be living in Dundas.
“I feel very fortunate to have moved to Dundas in 2006 when prices were more reasonable,” said the Park Street resident. “Nowadays, a modest 700-square-foot cottage in Dundas can list for $425,000."
“Had my family faced today’s housing prices, we likely would have moved to a different town. I hope that my kids will have a choice of where they want to live, not just where they can afford.”
Housing affordability was the topic of a recent Dundas Works roundtable.
Chin said that over the past 10 years, there has been a significant increase in the cost of homes in Hamilton. Prices in Dundas have risen over 20 per cent since 2016, she said.
“If you do the math, home ownership for young people in their mid 20s is almost unattainable,” said Chin.
Those in attendance at the roundtable discussed ways to make future housing in Dundas more affordable. One way was to increase the supply through infill and develop more mixed use zoning with commercial spaces at ground level and modest residential spaces above, said Chin.
Another idea was to allow for conversions of large homes to create basement apartments and granny flats.
Many people in attendance at the roundtable agreed future development needs to be sustainable net zero buildings, where the total amount of energy used by a building is roughly equal to the amount of renewable energy created on the site, which would reduce the monthly utility bills of the residents.
The next roundtable is being planned for May.