Quote:
Originally Posted by you&me
There's a very simple metric that acts as a perfect proxy for what people "want" in their homes - property value.
The desirability of single family, townhouse, 3-bed condo, inner city, suburb, etc, etc, is all perfectly measured by value. Convenience, access to amenities, size, commute times, etc are all part of the calculus, but at the end of the day, a home is worth what it's worth because of demand and house value is a perfect way to measure desirability.
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That value is also derived off of supply - you can't build more inner city homes but you sure can plop another suburb down, sub divide (townhomes and infills) or build upwards (condos). Value isn't exactly an indication of what the greater population wants. It just may be that the demand for SFH inner city are far more supply constrained than the tens of thousands of suburban homes we have here in Calgary.