Quote:
Originally Posted by CliffFletcher
Yeah, I don’t buy the notion that communities closer to the centre are unaffordable. You get a lot less house in size and modern materials if you’re closer to the centre. But there are all sorts of older houses for under $400k in neighbourhoods like Kingsland, Fairview, Glamorgan, etc. People don’t necessarily move to the outer burbs for a cheaper house; they move for a bigger and newer house.
And it’s not clear to me that a retired couple who bought in a 1200 sq ft bungalow on a large lot in Southwood 30 years ago should be on the hook for a higher tax bill than a family of four with three cars who live in a 2300 sq ft house on a small lot in Auburn Bay.
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Builders are doing a damn fine job of making sure that the supply of reasonably affordable housing ‘inner city’ gets eaten up. I call it a travesty, but apparently some people call it progress. Buy up a single family home for $400k, tear it down and build 3 story duplex/‘townhomes’ and sell them for 600-700k.