Quote:
Originally Posted by mcj
I would guess the opposite. In the two buildings I've lived in in downtown New West there's been a lack of parking stalls available with a similar ratio of ~1.5 stalls per unit. This is even further out than New West in a much more car dependent area (no Evo available either). Even if you own a car, but take transit to work like I do, you still need a parking stall (and so do your partners, roommates, adult kids, etc.). All for getting rid of parking minimums and letting demand decide what's built, but I would imagine even with the new legislation there'll still be plenty of demand here for stalls.
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The pattern I have seen is when buildings are new and near transit/centrally located, everybody moves in and brings a car with them.
People move in with 2 cars and 1 parking spot. Parking is at a premium and anybody renting a spot can get top dollar.
Over the next 5-10 years, things settle down, people get rid of cars, you start to see open spots in the parkade. Extra spots rent for less than before.
Then 15-20 years after the building opens, parking is regularly available for a modest price.
Just my experience in a few buildings I've seen evolve.