Quote:
Originally Posted by Hondaracer
In theory, land assemblies should be making "homes" more affordable as the only way to increase affordability is to increase density. However, when a developer buys 5 houses in a row for 1.5-2.5 each, and then builds 10 units on the same land, they probably arent going to be selling the multi family units for 600-700.
Over the next 10 years will be interesting as both Brentwood and Lougheed developments are realized. an aditional 30-40 towers in those areas adding literally thousands of units to inventory.
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IMO, any area that resembles Brentwood / Lougheed are gonna be in for some major infrastructure chaos. You have a shxtload of population all crammed into a densely packed area, and the supporting infrasture is just not there. There just in't enough road capacity, not enough public transit capacity, not enough community service support, etc. because our cities were not originally designed to support densities like that. Burnaby seems especially bad in this regard because they seem to just let any developer buy a small plop of land and build huge densities on it without taking any coherent community building plans into account. All sides directly surrounding Metrotown is like that too.
It's gonna turn into a total mad house...