Quote:
Originally Posted by HamiltonForward
As someone who has lived on social assistance, I recognize and commend new private development.
New development = less market pressure = less apartment-to-condo conversions.
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This.
The apartment building my wife and I rented in on Hunter St several years back was full of immigrants, students, seniors, city hall workers etc.... a great mix. It would have tended to the poorer side of the income bracket. It was originally built in the 70's as a LUXURY development with all the bells and whistles of the day.
Sadly, Hamilton basically saw a full stop on such urban development from 1980 till today and the result is an unaffordable housing market in a city that has no business having such market pressures. We've lost population in the lower city for 45 straight years. That is NOT one of the tell-tale signs of housing costs becoming unaffordable. Usually it happens in booming cities where everyone is flocking too.....