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in si de ha lto n. co m O ak vi lle B ea ve r | T hu rs da y, A ug us t 2, 20 18 | 10 oakville.ca ALLAN ST ALLAN ST M AC DO NA LD RD M AC DO NA LD RD SH ED DO N AV E SH ED DO N AV E LA W SO N ST LA W SO N ST GA LT AV E GA LT AV E REYNOLDS ST REYNOLDS ST Residential subdivision development opportunity located on a portion of the Former Oakville Trafalgar Memorial Hospital Site The Town of Oakville is pleased to offer for sale a portion of the former Oakville Trafalgar Memorial Hospital (OTMH) site outlined in the attached photo (the "Property"). The Property has an approved draft plan (24T-18001/1613) for nineteen (19) single family detached lots and sixteen (16) town house dwellings. The former OTMH site, owned by the town, is situated within an established residential area north- east of downtown Oakville and south-east of the Oakville GO station. The entire former OTMH site is approximately 5.7 hectares in size, which is intended to include a community centre, neighbourhood park, parking garage, and a future seniors-oriented housing development. The Property being offered for sale is approximately 2.0 ha in size. This is a rare chance to acquire an extraordinary development site in amature desirable neighbourhood in the Town of Oakville - one of the most affluent and well-established urban communities in Canada with an expanding population of 201,200 residents. This Property is being offered without an asking price. We invite respondents to submit an offer on or before 2 p.m., local time on Wednesday, September 5, 2018 in accordance with the RFP requirements. For more information about the site and to obtain the full RFP package, please visit https://oakville.bidsandtenders.ca. For further information on the proposal process please contact: Kathy Wyatt, CPPO, CPPB Manager of Purchasing and Risk Management Town of Oakville at 905-845-6601, ext. 3087 or by email at kathy.wyatt@oakville.ca. For Sale (Proposal Number: RFP-2-2018) Sign By-law Review Open House Wednesday, August 8 from 1-3 p.m. Town Hall, Bronte Room 1225 Trafalgar Road Help shape the town's sign by-law We're reviewed the town's sign by-law to make sure signs displayed in Oakville address the needs of local businesses without posing safety risks, and reflect the character and expectations of the community. We want to hear from you! Attend an open house Residents, business owners and land owners are invited to share their thoughts on draft by-law. Drop in anytime! To review the draft by-law prior to the meeting please visit oakville.ca and search sign by-law review. Can't make the meeting? Please send your comments by email to signreview@oakville.ca. Accessibility If you would like to attend an open house and have any accessibility needs, please let us know one week before the open house by contacting Margaret Boswell at 905-845-6601, ext. 3350 (TTY 905-338-4200), margaret.boswell@oakville.ca or by filling out the accessible online feedback form at oakville.ca. Why do young adult children still live at home? Their parents often recall how they left home at an early age and now seem somewhat perplexed at why this is no longer the case. Has this generation become soft and unable to sur- vive on their own in the real world? According to the 2016 census, just over one- third of young adults, aged 20 to 34, lived with at least one parent. The number jumped for On- tario, where 42 per cent lived with their parents. In Toronto, the number climbed to 50 per cent. There are many rea- sons why children are slow to leave the nest, including financial con- siderations. Renting or owning a home for many young adults is too expensive. Plus, many have signifi- cant debt. Statistics Canada found that 70 per cent offound that 70 per cent off jobs require post-sec- ondary education, and tuition costs keep going up. According to the agency, the average tu- ition for the 2017-2018 ac- ademic year rose 3.1 per cent and the average debt for university graduates is over $26,000. The simple answer would be to work hard and pay off that debt. The labour market is more challenging than when their parents started careers. Good jobs are hard to find. Many positions are part-time or short-term contracts. The 2008 recession was the most significant economic downturn since the Great Depres- sion of the 1930s. Those who have secure em- ployment are the lucky ones. Unfortunately, that good fortune does not apply to everyone. Due to current finan- cial realities, many se- nior workers are pro- longing their careers. They are occupying jobs that might otherwise be available to those just starting out. Some parents might encourage their chil- dren to remain at home. Adult children may be in a position to help out by paying rent or with household duties that are becoming more dif- ficult for their parentsficult for their parentsf to perform. Many of our life deci- sions are based on fi- nances. Many young adult children might prefer to live independently of their parents, however, financial realities meanfinancial realities meanf that independence is not yet affordable. Peter Watson, of Peter Watson Investments MBA, CFP, R.F.P., CIM, FCSI, offers a weekly financial planning col- umn, Dollars & Sense. He can be contacted through www.peterwatsoninvest- ments.com. YOUNG ADULT CHILDREN LIVING AT HOME LONGER OPINION FINANCIAL REALITIES MEAN THAT INDEPENDENCE IS NOT YET AFFORDABLE, WRITES WATSON PETER WATSON Column SIGN UP FOR OUR WEEKLY NEWSLETTER AT INSIDEHALTON.COM