Quote:
Originally Posted by fredinno
TBF, maybe not that much lower.
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I think you misread the post. mcj said that
if access to a parking spot was as important to future Senakw renters as you and other posters are indicating it will be,
then the market would punish the development by demanding lower rents.
I believe omitting parking in this development may not push down rents that much because it's location is incredible, and because I don't think the type of person renting in Senakw will put that high a premium on having an available parking spot (because if they did, they would rent elsewhere).
Quote:
Originally Posted by Changing City
There are alternatives to owning a car in Vancouver, with both Modo and Evo car sharing.
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Per the
2018 transportation survey, 13% of all adult residents in Vancouver do not have access to a car and 34% of adult residents have a car share membership.
That is not a large share of Vancouver's population, but it is a large number of people (13% = 88k) that are more than numerous enough to fill out 6k homes. And there is a question of causation; when my wife and I lived in Burnaby with a "free" parking spot we owned a vehicle. Once we moved to the West End and had to pay for a parking spot and had far more destinations within walking distance, we got rid of the car. If the Senakw units can come at a reasonable monthly rent figure (and with 1,200 affordable homes at least some of them will) you may have some young adults who currently live with their parents in Surrey or East Van that may ditch the car and move to a car-free lifestyle.
Quote:
Originally Posted by fredinno
You may want a car for long-distance travel, for instance.
People may want cars for that 5% of travel.
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People who do not own cars can do long-distance travel. Ignoring the alternatives (planes, trains, and buses) renting a car is not that difficult. For a trip to Portland this past winter I rented a car for two days, and I plan to do the same for a camping trip to the island this summer.
And if you're talking day trips, the $100 Evo daily rate (gas included) is pretty competitive with owning your own car if you use a couple tanks of gas.