05-26-2020, 04:55 PM
(05-26-2020, 01:26 PM)tomh009 Wrote: Quite possibly it could happen. But that is one of the most valuable pieces of land in DTK, so it would be hard to justify using it for affordable housing. The region could sell the property, buy a less expensive one with the proceeds and spend the difference funding the construction. (There are many available properties further (Kitchener) east on both Charles and King, and still very convenient to the LRT.
Well said. The laws of economics apply everywhere, not just in the unfettered free market.
I recall reading something somewhere which pointed out that it’s no surprise that it’s hard to supply affordable housing in Manhattan. Who knew that nearly free housing in Manhattan would be so popular?