Quote:
Originally Posted by VancouverOfTheFuture
see, the CoV was saying it would decrease the price of housing for the people. anyone with a brain would have known that's not the case; but no one has ever said CoV has a brain.
i guess increasing profits for developers is a nice bonus.
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I've seen the City policy that reduces the need for parking for rental housing, suggesting it improves the development costs so more units can be rented below market. Can you link to where they suggested it would bring the price of condos down? As FarmerHaight suggests, the price of condos is pretty much set by the market; up to now, with the exception of a couple of examples in the DTES, I'm not aware that the City have really tried to decrease the price of housing for sale (or have any effective mechanism to do so).
Reading the City's report, the elimination of parking requirements seems to be more about reducing carbon emissions than affordability.