04-23-2024, 05:13 PM
(04-23-2024, 01:05 PM)Kodra24 Wrote: Maybe a bit off-topic but this comment got me thinking in regards to affordable housing - is that something that is feasible? As in, would the wealthy or upper middle class want to live in a building where a fairly high proportion of units is designated as affordable housing? Given the choice, would they choose that particular building or one that does not have affordable housing? Just putting myself in the developer's shoes, and again I'm just thinking out loud and could be 100% wrong here, but how would I market a building that has a mix of units like that...in any case this is a great discussion to have
Integration or segregation, that is the question, isn't it? If not the same building, do you want "those people" even in your neighbourhood? Maybe should even put up some fences so that they don't go where they don't belong? Or at least signs that say "No poor people allowed in this store"?
Seriously, this has not been a huge problem in Canada, at least for now. We have well-off people living cheek-by-jowl with lower-income people where houses have been renovated. Many condo buildings have 3:1 price ratios or higher between the largest and smallest units. And "gated communities" are rare here, unlike south of the border. I reallt don't think a developer would need to (or want to) do any special marketing even if there are affordable units in the building.