Quote:
Originally Posted by Bunk
There is a temporary oversupply of multi-family units, but the long term trend has shown that the proportion of multi-family homes built compared to single-family homes is rising. Changing demographics such as an aging population, fewer married couples and fewer children, housing affordability as well as increasing commute times as the city grows are all factors that will drive demand in the long term. There is need to plan effectively for both. To facilitate growth in the centre- and inner-city investment is needed and should be encouraged for many reasons.
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This is a theory and it may apply to Canada but not to Calgary. The average age of Calgarians is one of the lowest in Canada not aging and people continue to migrate to the city. However I don't mind my tax dollars funding a safer cleaner downtown even though I never go there.