05-26-2020, 05:55 PM
(05-26-2020, 05:48 PM)tomh009 Wrote: Artificial scarcity (zoning and NIMBYs) plays a part, for sure. But non-artificial scarcity (next to Victoria Park and a short walk to many employers, restaurants and bars) is another factor why this particular property is so valuable.The industrial site next to Mill Stn, for example, would seem a very good spot for some form of public/affordable housing. Same for a number of sites in the Charles/Borden/Ottawa area.
In this particular case, if the region is looking at building an affordable-focused/affordable-only building (similar to what Kitchener Housing provides) there are certainly less expensive properties available that don't require car ownership. The east end has plenty of (less expensive) land ready for redevelopment, next to the LRT, not far from the IHT and a 15-20 minute walk from DTK.