Quote:
Originally Posted by WhipperSnapper
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.
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I wonder how much of this problem is caused by free on-street parking and permit parking politics? That is a big market distortion.