Quote:
Originally Posted by Coldrsx
Flexibility is key and now a commodity and choice for developers. You can make your development very attractive to some by providing parking or removing potential costs to you and your buyers by supplying less.
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Well, I don't trust developers or the market for that matter to make sound decision on supply and demand. Developers will build no parking as long as they can sell the units and there are always buyers. Understanding, Edmonton's buyers are different from Toronto. It doesn't mean it will always be that way.
The high minimums forced developers to include parking in the purchase price of units. That should have never happened. Parking should have been independently sold from the units. Developers should be allowed to bundle unsold parking units for monthly parking purposes. There are always people that are thrust into having a car and don't have a parking spot or want to own one.