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Originally Posted by atnor
Totally agree, but by doing so we have to recognize long term residents will naturally be displaced as property values increase.
I empathize but feel it is inevitable if downtown is to further improve.
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It's the unfortunate reality. It is no one's right to get to live in the city centre of the third largest city in province, as so many housing advocates seem to believe. You want to live in the city centre with all the amenities, shops, parks, restaurants and bars, then you have to pay a premium for that. It's market driven. The going rate for rent is directly decided by the market demand. If someone is willing to pay 2000 dollars per month for a one bedroom downtown, then that is what a one bedroom downtown is worth.
I also don't think less fortunate people getting pushed out is necessarily a bad thing either. They will move to places where rent is more affordable for them, and in a way revitalize that area too.
The fact is this city is seeing massive changes, and a massive influx of new residents to the core. This is an amazing thing that hasn't happened here in literally decades.
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