Posted Jan 14, 2019, 6:09 PM
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Registered User
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Join Date: May 2007
Location: East OV!
Posts: 24,456
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New downtown/urban condos have approx 1 parking spot for each unit. When the building first opens and people move in, they are scrambling for parking options (assuming the street is controlled or pay). Many couples moving in have 2 cars, etc.
Give it 5-10 years, and suddenly there are tons of open spaces in the parkade, and nobody has trouble renting a spot if they need it. People adapt to the lifestyle and sell their cars, drop from 2 to 1 for a couple, etc.
It takes time, and you can't force it on anyone or it will backfire. I do think parking minimums should be removed, and let the market sort it out. Buildings that don't have adequate parking will be permanently "discounted", like ones that don't allow pets, rentals, etc. To what degree and whether it's worthwhile to build them cheaper, we'll see.
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