11-06-2015, 02:18 PM
(11-06-2015, 12:44 PM)Owen Wrote: ...there's no magical way to build accommodation at dramatically lower prices because the lion's share of the cost is the basics (not the "luxury" finishing).
There is a somewhat magical way that works quite well next to higher-order transit: build much less parking. The least expensive condos being built in the Region right now are in the university district, where they're being built with 0.25 parking spaces per 1 bedroom + den unit.
If we want housing affordability, we need to ensure enough new housing can be built in all of the newly desirable areas. Otherwise the mismatch of supply and demand will make any existing housing, however crappy, unaffordable.