Dear fellow property owners,
For all Hamilton property owners who bought at the top of the market and have watched their property values fall: FEAR NOT. Look at the message the City of Hamilton has sent with its recent approval of the 520 Highway 8 development application.
If the value of your property needs a boost, just submit an application to City Council for a major zoning change and watch your property value double.
Don't worry about having everything figured out first. Don’t worry about a complete plan. Don’t worry if there are still major issues with traffic, servicing, landscaping, parking, rooftop impacts, windows, privacy, or anything else. Those can all be pushed off to Site Plan Control. Even if City staff put holding provisions on unresolved items, it doesn’t matter. Council can still approve the zoning now and let someone else deal with the problems later.
And if you sell the property before any of that gets worked out? Even better. Let the next guy deal with it. There’s actually a name for this kind of strategy: an entitlement play. Buy a property, increase what can legally be built on it, and your land can be worth a whole lot more. You can build it yourself, or you can sell it to someone else who will. If Council is concerned about you not building anything and selling it, you just tell them you intend to refinance the property, keep the project, and develop it yourself. You can say the rezoning is needed so the project can move forward. Then, once Council gives you the approval and the value of the property jumps, you can put it up for sale and let somebody else take it from there. I know what you’re thinking: that doesn’t sound like an honest way to do business. I agree. Council doesn’t seem too concerned.
They might ask you to come up with some reasons why the project is a "good development". That's another easy one to handle.
If there is an issue anywhere in the city, or the province for that matter, simply say your project helps address it. Need more housing options? Done. Want more density? Call it intensification. There’s a bus route nearby? Now it supports transit. A school or park is within walking distance? Perfect, now it contributes to a complete community. Existing sewers and roads? That means you’re making efficient use of infrastructure.
Put enough of those phrases together and suddenly a proposal that blows past the existing zoning becomes a “good planning application.”
As for the local residents raising a stink, you don’t have to worry about them either.
Even if they gather together. Even if they organize themselves. Even if they take the time to learn how the planning process works, collect close to 600 signatures opposing the zoning changes, send hundreds of emails and letters, and use their vacation time to speak at a Planning Committee meeting. Even if they make their case well enough to convince the committee to oppose the project.
Don't worry. None of it matters.
Now, there are a few councillors you need to watch out for. They seem to take the time to actually listen to the concerns of the local residents, the people who know their community, live with the consequences, and understand what their neighbourhood actually needs.
But lucky for you, they seem to be the minority.
The majority of councillors and the Mayor can just ask a few leading questions, get the answers they are looking for, focus on the information that supports the application, make a few references to big city-wide issues that have very little to do with whether this particular proposal belongs on this particular site, and get on with their day.
There are a few in the middle too. You can almost see them battling with their better judgement. That’s when you pull out the secret weapon.
OLT.
Mention the Ontario Land Tribunal. Talk about the cost of an appeal. Talk about the risk of losing. That simple threat is all it takes to get them on your side. And just like that, you’ve got your majority.
It’s that easy.
So fear not, fellow Ward 10 residents. Buy whatever property you want. Don’t worry too much about the market. Don’t worry if you overpay. Don’t worry if your development plan doesn’t really fit the neighbourhood.
The City of Hamilton will be there to BAIL YOU OUT.
Yours truly,
Leslie Farago
Ward 10 resident