Latest news with #CentralStation
Yahoo
23-06-2025
- Business
- Yahoo
Canada is facing a housing crisis. Could it take a page from Europe?
Slavica Salihbegovic's family was growing. So she did what anyone living in Vienna would do: She asked the city for a bigger apartment. "At that time, I was pregnant with my first kid," she said. "I lived in a two-room apartment … it was an OK building, but it was small for us." Salihbegovic went to an online portal, entered her income and requirements, and was ranked alongside thousands of other residents. Soon, she was assigned a new apartment: a three-bedroom unit in a brand-new building, adjacent to Vienna's Central Station. It's hers for life — she can even pass it down to her children, if she wants. "I love it. It's in the middle of Vienna," she said. "A lot of young families moved in at the same time…. There's a big campus here, with a kindergarten and primary school. There's dancing classes, and a boulder bar, and a huge park." Salihbegovic wasn't desperate to find housing. She and her partner earned middle-class incomes. But in recent years, Vienna has become renowned among housing experts for its model of social housing, which provides heavily subsidized rental units to more than half of the city's two million residents. And the rent from those units helps power €400 million ($626 million) in new construction annually, amounting to more than 12,000 units built or refurbished every year, according to the city. While Europe struggles with similar trends to Canada of rising rents and skyrocketing home prices, experts say social housing models like Austria's are among the best defence against a growing affordability crisis — and are begging governments to continue investing aggressively in such programs. Could something similar ever come to Canada? It may seem far-fetched, but housing experts across Europe say it's made possible thanks to a few relatively simple interventions. Living around the corner from Salihbegovic is Amila Sirbegovic, an architect and housing project leader for the City of Vienna. She used to own an apartment, but opted to sell and move back into social housing, where she says her unit is more modern and spacious. Sirbegovic's story is another example of what makes European social housing different: generous eligibility criteria. Roughly three-quarters of Austrians fall under the income threshold, meaning many middle-class families can get geared-to-income housing, too — with rents capped at a reasonable 25 per cent of income. "It's the most normal thing in Vienna," said Salihbegovic. The diverse mix of tenants means there is little stigma attached to subsidized housing; it also keeps neighbourhoods diverse and ensures urban housing is available for vital workers like nurses, sanitation workers and bus drivers. "You have people from different groups and different backgrounds living in the same neighbourhood," said Gerald Kössl, a policy expert with Austria's Federation of Limited-Profit Housing Associations. "It's not seen as … a temporary housing solution." Kössl's organization represents the groups providing all this low-cost housing — non-profit or "limited profit" companies that are required by Austrian law to reinvest all but 3.5 per cent of their profits. The result is a "virtuous cycle" of community investment, said Samara Jones, an expert with Housing First Europe. Money that would otherwise go to shareholders is poured back into creating high-quality and affordable homes and neighbourhoods — which, in turn, has a "price-dampening effect" on the wider market, said Kössl. Austria is not alone in using this model. Across Europe, governments manage a portion of their subsidized housing stock through large, privately managed non-profits. LISTEN | How much are investors to blame for the housing crisis? In the Netherlands, there are fewer than 300 non-profits across the whole country — but this consolidation doesn't lead to the problems you might find with the large, profit-oriented real estate investment trusts common in Canada. On average, it's better than renting on the private market, said Zeno Winkels, director of the Dutch Tenants Union, which negotiates with the government to set rent limits across the country. By comparison, most private landlords are "amateurs," he said. "That doesn't necessarily have to be negative. There are lots of people who make great cakes, but, in general, when you want a cake, you go to a bakery." Of course, these non-profits can't run on rents alone — they wouldn't remain affordable for long. The affordable housing building boom in places like Finland, the Netherlands and Austria has always been powered by substantial government investment. And across Europe, governments have devised clever ways to cut costs. One of the biggest has been for cities like Vienna and Amsterdam to aggressively acquire land when it comes up for sale, through "right-to-buy" policies that give them first dibs. Owning the land allows municipalities to mandate that housing in key areas be kept affordable for a century or more, as opposed to the 20 to 30 years often typical in Canada. Land remains expensive for municipalities to buy. But in some places, like the Netherlands, governments have given themselves the right to deduct the cost of adding additional services, like roads and water, from their purchase price, shaving tens of millions off the cost of land being rezoned for housing. Government buying is also matched with substantial, long-term, low-interest loans to the non-profits building and managing the stock of affordable housing. Those investments help keep them accountable — and stable enough to keep investing in more buildings, said Natalia Martinez, an expert with Fundacio Habitat 3, an affordable housing provider in Spain. It's an idea Canada appears to be entertaining; Housing, Infrastructure and Communities Canada launched a call for proposals on a "rental protection fund" just last month, aimed at helping non-profits and other partners acquire and maintain affordable rental units. "Not a lot of communities have the revenue source to impact housing supply from their own pocketbook," said Adrian Dingle, director of housing development for Raising the Roof Canada, an anti-homelessness non-profit. Broadening the definition of affordable housing in this way — and backing it with low-interest loans — could have a major impact in Canada, experts say. "I do believe we're in a hopeful time when it comes to federal housing policy," said Dingle. But when it comes to quickly increasing affordability, those same experts are near-unanimous in saying that more interventionist measures may be necessary — such as rent control, property windfall taxes and steep fees for second properties. They might be controversial to some, but they can be the Netherlands, the Affordable Rents Act established a mandatory formula for calculating rent, which placed caps on certain tiers of housing, reducing average costs by 50 per cent or more. Overnight, real estate speculation slowed and house prices dropped. Like Austria, the Netherlands has also been successful in mandating high percentages of any new development be allocated to affordable housing — "at least 30 per cent," said Theo Stauttener, a partner with the developer consultancy Stad Kwadraat. That's applied not only in cities, but in suburbs, where single-family homes make up a large percentage of social housing. Experts are skeptical that Canadian governments would make similar moves. Figures show Canada is well behind — just 3.5 per cent of Canadian housing is social housing, compared to an average eight per cent across Europe, and closer to 30 per cent in places like Austria and the Netherlands. "I'm not sure the long-term planning is there, or the political will," said Sheldon Pollett, executive director of Raising the Roof Canada. But waiting for someone else to solve the problem hasn't worked anywhere. "We've been waiting for the private sector to come and fill this gap for a long time — and it hasn't," said Jones. "Certainly, one lesson for Canada is this: Don't wait." For the lucky Viennese, like Sirbegovic, who can find an affordable apartment with ease, the first step is a change in mindset. "You really need to believe in social housing," she said. Martinez puts it another way. "How willing are we to consider housing a right that's up there with health care or education or our pension plans?" she asked. "Once we do that, we see the government as responsible for creating those conditions."
CBC
22-06-2025
- Business
- CBC
Canada is facing a housing crisis. Could it take a page from Europe?
Slavica Salihbegovic's family was growing. So she did what anyone living in Vienna would do: She asked the city for a bigger apartment. "At that time, I was pregnant with my first kid," she said. "I lived in a two-room apartment … it was an OK building, but it was small for us." Salihbegovic went to an online portal, entered her income and requirements, and was ranked alongside thousands of other residents. Soon, she was assigned a new apartment: a three-bedroom unit in a brand-new building, adjacent to Vienna's Central Station. It's hers for life — she can even pass it down to her children, if she wants. "I love it. It's in the middle of Vienna," she said. "A lot of young families moved in at the same time…. There's a big campus here, with a kindergarten and primary school. There's dancing classes, and a boulder bar, and a huge park." Salihbegovic wasn't desperate to find housing. She and her partner earned middle-class incomes. But in recent years, Vienna has become renowned among housing experts for its model of social housing, which provides heavily subsidized rental units to more than half of the city's two million residents. And the rent from those units helps power €400 million ($626 million) in new construction annually, amounting to more than 12,000 units built or refurbished every year, according to the city. While Europe struggles with similar trends to Canada of rising rents and skyrocketing home prices, experts say social housing models like Austria's are among the best defence against a growing affordability crisis — and are begging governments to continue investing aggressively in such programs. Could something similar ever come to Canada? It may seem far-fetched, but housing experts across Europe say it's made possible thanks to a few relatively simple interventions. Housing without profit Living around the corner from Salihbegovic is Amila Sirbegovic, an architect and housing project leader for the City of Vienna. She used to own an apartment, but opted to sell and move back into social housing, where she says her unit is more modern and spacious. Sirbegovic's story is another example of what makes European social housing different: A generous eligibility criteria. Roughly three-quarters of Austrians fall under the income threshold, meaning many middle-class families can get geared-to-income housing, too — with rents capped at a reasonable 25 per cent of income. "It's the most normal thing in Vienna," said Salihbegovic. The diverse mix of tenants means there is little stigma attached to subsidized housing; it also keeps neighbourhoods diverse and ensures urban housing is available for vital workers like nurses, sanitation workers and bus drivers. "You have people from different groups and different backgrounds living in the same neighbourhood," said Gerald Kössl, a policy expert with Austria's Federation of Limited-Profit Housing Associations. "It's not seen as … a temporary housing solution." Kössl's organization represents the groups providing all this low-cost housing — non-profit or "limited profit" companies that are required by Austrian law to reinvest all but 3.5 per cent of their profits. The result is a "virtuous cycle" of community investment, said Samara Jones, an expert with Housing First Europe. Money that would otherwise go to shareholders is poured back into creating high-quality and affordable homes and neighbourhoods — which, in turn, has a " price-dampening effect" on the wider market, said Kössl. Austria is not alone in using this model. Across Europe, governments manage a portion of their subsidized housing stock through large, privately managed non-profits. In the Netherlands, there are fewer than 300 non-profits across the whole country — but this consolidation doesn't lead to the problems you might find with the large, profit-oriented real estate investment trusts common in Canada. On average, it's better than renting on the private market, said Zeno Winkels, director of the Dutch Tenants Union, which negotiates with the government to set rent limits across the country. By comparison, most private landlords are "amateurs," he said. "That doesn't necessarily have to be negative. There are lots of people who make great cakes, but, in general, when you want a cake, you go to a bakery." Staking space Of course, these non-profits can't run on rents alone — they wouldn't remain affordable for long. The affordable housing building boom in places like Finland, the Netherlands and Austria has always been powered by substantial government investment. And across Europe, governments have devised clever ways to cut costs. One of the biggest has been for cities like Vienna and Amsterdam to aggressively acquire land when it comes up for sale, through "right-to-buy" policies that give them first dibs. Owning the land allows municipalities to mandate that housing in key areas be kept affordable for a century or more, as opposed to the 20 to 30 years often typical in Canada. Land remains expensive for municipalities to buy. But in some places, like the Netherlands, governments have given themselves the right to deduct the cost of adding additional services, like roads and water, from their purchase price, shaving tens of millions off the cost of land being rezoned for housing. Government buying is also matched with substantial, long-term, low-interest loans to the non-profits building and managing the stock of affordable housing. Those investments help keep them accountable — and stable enough to keep investing in more buildings, said Natalia Martinez, an expert with Fundacio Habitat 3, an affordable housing provider in Spain. It's an idea Canada appears to be entertaining; Housing, Infrastructure and Communities Canada launched a call for proposals on a "rental protection fund" just last month, aimed at helping non-profits and other partners acquire and maintain affordable rental units. "Not a lot of communities have the revenue source to impact housing supply from their own pocketbook," said Adrian Dingle, director of housing development for Raising the Roof Canada, an anti-homelessness non-profit. Thinking big Broadening the definition of affordable housing in this way — and backing it with low-interest loans — could have a major impact in Canada, experts say. "I do believe we're in a hopeful time when it comes to federal housing policy," said Dingle. But when it comes to quickly increasing affordability, those same experts are near-unanimous in saying that more interventionist measures may be necessary — such as rent control, property windfall taxes and steep fees for second properties. They might be controversial to some, but they can be effective. WATCH | Here's how housing co-ops work: How co-operatives could become a hack to Canada's housing crisis 19 days ago Duration 5:18 People who live in them say they offer an attractive, low-cost alternative as the price of renting and buying property rises. Here's how housing co-ops work and why we might start hearing more about them in Canada. In the Netherlands, the Affordable Rents Act established a mandatory formula for calculating rent, which placed caps on certain tiers of housing, reducing average costs by 50 per cent or more. Overnight, real estate speculation slowed and house prices dropped. Like Austria, the Netherlands has also been successful in mandating high percentages of any new development be allocated to affordable housing — "at least 30 per cent," said Theo Stauttener, a partner with the developer consultancy Stad Kwadraat. That's applied not only in cities, but in suburbs, where single-family homes make up a large percentage of social housing. Experts are skeptical that Canadian governments would make similar moves. Figures show Canada is well behind — just 3.5 per cent of Canadian housing is social housing, compared to an average eight per cent across Europe, and closer to 30 per cent in places like Austria and the Netherlands. "I'm not sure the long-term planning is there, or the political will," said Sheldon Pollett, executive director of Raising the Roof Canada. But waiting for someone else to solve the problem hasn't worked anywhere. "We've been waiting for the private sector to come and fill this gap for a long time — and it hasn't," said Jones. "Certainly, one lesson for Canada is this: Don't wait." For the lucky Viennese, like Sirbegovic, who can find an affordable apartment with ease, the first step is a change in mindset. "You really need to believe in social housing," she said. Martinez puts it another way. "How willing are we to consider housing a right that's up there with health care or education or our pension plans?" she asked. "Once we do that, we see the government as responsible for creating those conditions."
Daily Mail
20-06-2025
- General
- Daily Mail
The mystery behind a sign 'error' at one of Sydney's busiest stations is revealed
Transport for New South Wales has revealed the truth behind the quirky mystery of why the sign at one of its busiest stations appears to have a spelling error. At Sydney 's Central Station, commuters and visitors have noticed something about the sign reading 'Central' between platforms 20 and 21. The letter 'C' is noticeably smaller and appears in a different font compared to the rest of the word. This seemingly minor detail has sparked confusion, with many passengers assuming it was a design error or modern oversight. But an eagle-eyed Australian recently reignited the discussion by sharing a photo of the sign on Reddit, asking why the first letter looked so out of place. Now, for the first time, the transport department has revealed the reason behind the signage quirk, and it turns out to be entirely intentional. A spokesperson for Transport for NSW (TfNSW) told Daily Mail Australia on Friday that the sign is a heritage feature, which has remained in place for decades. 'The small 'C' visible in the suspended signs on platforms 16 to 23 at Central Station is a design feature of the heritage signs that have been in use since the 1960s.' The spokesperson explained there were two fonts used on original signs when they were installed, one of which was slightly larger. Rather than update or replace the signage, TfNSW made a conscious decision to preserve it in its original form. 'The Central Station signs were rolled out during one of the periodic upgrades of this huge and busy station in the middle of the last century and were handmade,' the spokesperson said. 'Our conservation work on Central is intended to take as light a touch as possible. 'Little things like this speak to the heritage of the country's second oldest train station.' Central Station officially opened in 1906, built on top of the Devonshire Street Cemetery. It is estimated that more than 250,000 people pass through the station daily, with it linked to all train lines, Sydney Metro and the Light Rail. In a recent online post, debate was sparked as to why the sign was different from the others. 'This has driven me mental for so many years! It's been like this for so long,' one frustrated Sydneysider said on the Reddit thread. 'This is frustrating to become aware of,' another wrote. A third said: 'I noticed this a few years ago. It upsets me to no end.'
News.com.au
19-06-2025
- General
- News.com.au
Sydney Central Station detail confusing commuters
A commonly asked question about one of Australia's busiest train stations has finally been answered. A picture posted to Reddit showed three Central Station signs in Sydney above the platforms. But, with the signs lined up it was noticeable that the 'C' on platforms 20 and 21 was smaller than the other letters. The two platforms serve the City Circle lines. 'Why is this 'C' different to the others?' the Reddit user asked. Many social media users weighed in, sharing their own thoughts as to why this was the case — and their frustration at being made aware of this subtle difference. 'This is frustrating to become aware of,' one said. Another joked: 'The usual C is late for his shift because of train delays. This is the apprentice c standing in. Just doing the best he can.' 'This has driven me mental for so many years! It's been like this for so long Agghhhhhh,' one declared. 'I noticed this too for the first time last weekend. The L is also very wide,' another added. One social media user commented: 'That is going to bug me now.' 'It's been that way for 118 years, so probably just the dodgy way it was made at the time. None of the letters are precise,' one added. 'OK I have never noticed lol. This is gonna annoy me now,' one said. Another social media user added: 'Why would you do this to me?' 'The C has been like that for way too long, it took me over 8 years to get used to it after bothering me for so long,' one commented. Another declared: 'You have found the first clue. Now you have shown yourself worthy to go on a National Treasure-esque hunt created by our founding fathers. God speed, Nicolas Cage can be contacted to assist you on your quest.' It's not the first time this question has popped up — seven years ago an almost identical query surfaced on Reddit, with someone asking, 'What's up with the Cs at Central Station?' Back in 2016, the same question was circulating on social media. Now, a spokesperson from Transport NSW has weighed in on the long-running debate, revealing the exact reason behind the smaller 'C'. 'The small 'C' visible in the suspended signs on platforms 16 to 23 at Central Station is a design feature of the heritage signs that have been in use since the 1960s. There were two fonts used, one slightly larger,' the Transport for NSW spokesperson said. 'The Central Station signs were rolled out during one of the periodic upgrades of this huge and busy station in the middle of the last century and were handmade. Our conservation work on Central is intended to take as light a touch as possible. 'Little things like this speak to the heritage of the country's second oldest train station.'
Daily Mail
18-06-2025
- General
- Daily Mail
Eagle-eyed Aussie points out the tiny error on a sign passed by thousands of commuters every day at Sydney's Central Station - so can you spot it?
A sharp-eyed commuter has spotted a small but surprising detail at one of Australia's busiest train stations, something most people would easily miss. Central Station in Sydney, which is visited by over 250,000 commuters every day, is a major hub for trains, the Metro, and Light Rail services. Among the familiar sights is the iconic 'Central' signage seen across multiple platforms, but there's more to it than meets the eye. An eagle-eyed Aussie shared a photo of one of the 'Central' signs and questioned why the 'C' was in a different font to the rest of the letters. The C is also noticeably smaller, appearing to be done in a lower case style, compared to the other letters in the word central. The smaller 'C' can be found between platforms 20 and 21 at Central Station, where both platforms serve the City Circle line. The photo sparked a flurry of reactions online, with other Aussies admitting they had noticed the detail before and found it deeply irritating. 'This has driven me mental for so many years! It's been like this for so long,' one frustrated Sydneysider commented on the Reddit thread. 'This is frustrating to become aware of,' another wrote. 'I noticed this a few years ago. It upsets me to no end,' a third said. Others found the situation funny, making fun of the typographic mishap. 'Because they obviously pressed Shift while Caps Lock was on!!' one joked. 'Yep, unfortunately now we all C it,' another said. 'The usual C is late for his shift because of train delays. This is the apprentice c standing in. Just doing the best he can,' a fourth added. Other commenters added that the sign may be that way intentionally, similar to the slanted 0 on the front of Number 10 Downing Street, the London residence of the British Prime Minister. According to the BBC, the '0' in the number 10 is deliberately tilted, a subtle nod to the original sign, where the zero was poorly fixed and sat at an angle. Central Station opened in 1906 and was previously built on the site of the Devonshire Street Cemetery.
