Quote:
Originally Posted by MichaelS
But is not money the ultimate reason? If someone could afford it, and wanted to, could they not buy several lots in Mount Royal and propose to knock the houses down and put up a condo project? (assuming they could get the land use approval).
The reason that scenario doesn't happen is precisely because of the wealth of the residents. The people currently living there do not feel that the land is of high enough value to them at the moment to increase the density. Someone living in Crescent Heights for example though, does think their land is of enough value to justify getting rid of their house and having it turned into condos.
We can't force any of these existing inner city neighbourhoods to densify. It is not like we can give them eviction notices and then force a developer to build a condo on their lot. It happens because the market allows it to happen.
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There is no way somebody could get the land use to build multifamily in Mount Royal. The community would be up in arms, the councillor would have enormous pressure to oppose the redesignation.
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