Quote:
Originally Posted by Buggys
Of course it's an affordability issue. If we really want to encourage intensification, then the price of dense spaces (e.g. condos) need to be much lower relative to price of non-dense spaces (sprawling single family houses).
So we should really have a low or nonexistent supply of new land for singles, while encouraging things like Transit Oriented Development.
Our City is making some effort on the latter, but doing poorly on the former.
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Singles and apartments are different markets and are not cross-shopped. The former caters to families with children the latter to single and two-person households. Supply/demand for one does not directly affect the other. The shift we are seeing to apartments continent wide is more of a generational-thing as opposed to any other economic incentives.
In 2009 City Council tried your suggestion and was told no, they can't have less supply than demand. Its Provincial Policy.
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