Quote:
Originally Posted by octothorp
I think a major part of the picture that the article misses out on is the way that Calgary's growth plays into it: it honestly makes a lot more sense to have the most affluent citizens moving into the new suburbs (as long as they're paying their actual development costs, which I believe they finally are now). Let the high income households be the ones shouldering the weight of suburban expansion. You want to keep your low income households relatively close to the center of the city where their own costs will stay down and where they're close to most of the low-income jobs.
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I think "inner city = low income, suburbs - higher income" is a myth. Property prices in neighbourhoods near the core like Mission, Kensington, Eau Clair, Sunnyside, etc. are much higher than comparable homes in suburban developments. That list of communities doesn't even include the most affluent neighbourhood in the entire city (Mount Royal).
To put things in perspective, my wife and I purchased our first home, a two bedroom condo in the Beltline, four years ago. At the time, we could have bought a similar-sized unit (only newer and nicer) in the suburbs for about half the price, but we were more than willing to pay a hefty premium to live in a more desirable (to us), central location.