Quote:
Originally Posted by Design-mind
Yes seriously. I am not talking downtown I am talking places like Tuxedo, Capitol Hill etc. housing starts in these communities are on the decline. It is only properties bought 3 years ago, that any kind of profits can be made.
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Does the city ever do blanket rezoning? Example: West LRT around Shaganappi Point Station. Pretty single / duplexes now, but really should be higher than that with such a significant public investment.
I am wondering (without much knowledge on how this all works) if adding additional density benefits would give more incentive for developers to put up with the crap they get from the community associations. If they are going to oppose everything, might as well let the ones get through have more opportunity to profit by packing in additional units.
Probably would vary neighbourhood by neighbourhood based on where the profit exists, but if it is a million dollars just to get in the ground, I would walk to sell more than 3 units to recapture that cost.