Originally Posted by cleowin
4000 sq ft Lots, the houses they build on those are generally 2000-2100 sq ft at the most, not including basement.
Also, you're describing what majority of pro-development people tend to argue, that the only concern should be building more and more housing, with little regard to the community neighbourhood needs and preferences. I dont know about you, but many people who have lived in the Fraser Valley didn't expect this type of development to occur, and while development is needed, I dont think replacing all these lots with High Density should be the only solution, but that's just my two cents. These 468-900 sq ft Condo's that developers are praising as 'Family friendly' and 'affordable' are nothing but that. Let's take a look at Alexander Square, Willoughby for example, a 468 sq ft 1 Bed, 1 Bath condo is selling for $313,000. Couples and bachelors are about the only people who would comfortably live in that space, and you're looking at still $1000-1500/month for a mortgage payment, which is insane. Then if you want an actual family orientated condo unit, you're looking at nearly $665,000 for a 3 bedroom unit. I could go onto REW.ca and find older townhomes or even newer ones with 3-4 bedrooms for less than that. I'm sorry, but Condo's should be no more than $399,999 for a 3 bedroom, and they should still be 'affordable' options for young people and couples, but no way is a family that needs space to grow is going to opt for a Condo over a house, and with a diminishing supply of houses, in favour of high or mid-density homes, I don't see how that's fair to the people who live here. Also, look at townhome complexes, usually filled with tons of families in crowded road spaces, causing problems for residents, strata councils, strata fees, etc, all headaches that don't make townhome or condo living pleasant. You can tell people all you want that we should move to a small town, or a smaller community elsewhere, but everyone has a right to a home, and people who decide to live in the burbs should be able to afford a simple house. All development does is create a hotter market in the long-term. High supply may be the 'affordable solution' to our real estate market, but lack of buyers will drive down prices. If you encourage development, more people are going to buy which in turn is going to drive up prices, regardless of the supply. So no, I think development needs to slow down rapidly, start with houses, once that fills, build townhomes, once those fill, build low-rise condo's, once that fills, high-rise, etc.
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