10-30-2014, 10:17 AM
I agree. The proper word is "expect" not "respect". If I buy a bungalow on King St, I shouldn't be surprised if ten years from now there is a high rise next to me. If on the other hand I buy a split level in a cul-de-sac in suburbia, I have every right to be shocked by a highrise proposal.
Even then, sometimes things change and zoning has to be revamped. In this case the best idea is to push for a swift change that maximizes the return for those who choose to sell. For example houses on Columbia doubled in price when mid-rises were approved about 6 years ago.
Even then, sometimes things change and zoning has to be revamped. In this case the best idea is to push for a swift change that maximizes the return for those who choose to sell. For example houses on Columbia doubled in price when mid-rises were approved about 6 years ago.