Quote:
Originally Posted by blankall
The kids of Canmore growing up in their small town was never going to happen. Baby Boomers are hanging onto their properties. So if the boomers 2 kids are looking to raise their own families there, you're looking at tripling the amount of housing.
The town has built a bunch of condos, and the locals are blaming those condos for the reason that their kids can't buy property to raise their own families. That's not the problem. Empty nesters are the problem, and its a problem all over North America, not just Canmore. If a 60+ year old person has an empty bedroom, in the middle of a nationwide housing crisis, how do you turn around and blame the condo in the middle of the city centre for the lack of family housing?
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The sad thing is by the time that boomers give up their family sized homes, their children who will inherit them will already be 55-60 years old and the cycle will continue.